Floor Offset Plans

A Floor Offset Plan is a special type of Defined Benefit plan where a minimum benefit guarantee, or “floor,” is provided from a Defined Benefit and Defined Contribution plan combined. Often, these plans can be designed so that the Defined Benefit plan benefits only the business owner and/or other targeted employees and can be combined with an existing 401(k) plan. We provide all the same support services for the Defined Benefit portion of these plans as are described under Defined Benefit Plans, plus we prepare all the testing that is required to demonstrate that the combined plans comply with all legal and regulatory requirements.

 
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