UBS Offers New DB Program

June 28, 2004 ( - UBS is teaming with Metavante Corporation to offer Metavante's OnePersonPlus defined benefit plan.

According to a news release, the agreement makes the DB program, developed in conjunction with Leaffer Shapiro LLC, available to UBS financial advisors and their clients.

UBS will market the product under the name Small Business Pension Program to high-income, self-employed individuals and owners of small businesses with one to five employees who are age 45 or older, according to the announcement. The plan offers the highest tax-deductible contributions permitted to employer-sponsored retirement plans for those who qualify.

Metavante Retirement Plan Services provides administration and recordkeeping for qualified retirement plans including 401(k), profit sharing, defined benefit, and section 125 flexible spending account plans.