Key Differences

• Substantial benefits can be provided and accrued within a short time – even with early retirement
• Employers can contribute (and deduct) significantly more than under other retirement plans
• Plan provides a predictable benefit
• Vesting can follow a variety of schedules from immediate to spread out over seven years
• Benefits are not dependent on asset returns
• Plan can be used to promote certain business strategies by offering subsidized early retirement benefits
• Professional Administration Required