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Kingspar

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At retirement, favorable tax treatments may apply such as spreading payments over the participant's lifetime and special averaging formulas. It starts out as a defined benefit which determines the benefit. Further, through the proper use of vesting schedules, a qualified plan can be an important employee retention tool.

Kingspar


Income taxes are payable upon withdrawal. A defined benefit plan is one where the retirement benefit is determined by a plan formula - usually based on years of service.

Kingspar

Kingspar

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