The DB(k) document wraps a 401(k) document (the 401(k) Component) and either a cash balance or a defined benefit document (the DB Component) together into one plan. A press release says it meets the compliance needs of corporations, businesses and employers.
“The combined DB(k) document is definitely an industry trend right now and after listening to our customers, we’re excited to be the first to offer this unique plan,” said Tim McCutcheon, General Manager of ftwilliam.com, in the announcement. “As DB(k) plan safe harbor compliance becomes more popular with businesses, ftwilliam.com is in position to support customers with the new DB(k) wrap option.”The new DB(k) “wrap” document is available in the ftwilliam.com retirement plan document package. More information is at http://www.ftwilliam.com/productPlanDoc.html.