© 2018 by Advanced Benefits Counselors

Tel: 302-357-4969

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Disclaimer: The content of this website is intended for information only - not legal, financial or insurance.advice. For those who do not retain our contractual services, we give no guarantee or warranties of the results obtained from the use of the information.

Retirement Benefits

Pension Plan

A Pension is a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life. It is a fixed amount, other than wages, paid in intervals to a person or to a person's surviving dependents in consideration to past services. 

 The money will be paid to you, usually as a monthly check in retirement, after you reach a specific retirement age.

A formula determines how much pension income you will receive once you are retired.

The formula a pension uses is based on a combination of the following:

  • Your years of service with the company offering the pension

  • Your age

  • Your compensation

Pension plans must follow specific rules set out by the Department of Labor. Therefore, setting up the right Pension Plan for your company will take the knowledge and experience of our professionals.

401(K) and 403(B)

Since its inception in 1978, the 401(k) plan has grown to be the most popular type of employer-sponsored retirement plan in America. Millions of workers depend on the money that they have saved in this plan to provide for their retirement years, and many employers use their 401(k) plans as a means of distributing company stock to employees. Few other plans can match the relative flexibility that 401(k)s offer.


A 403(b), commonly referred to as a Tax-Deferred Annuity (TDA) or Tax-Sheltered Annuity (TSA) plan, is a retirement savings plan available to employees of certain public education organizations, non-profit employers and cooperative hospital service organizations, as well as to self-employed ministers.


No matter which plan(s) you implement, Advanced Benefits Counselors can help you work through your decision.