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Account Withdrawal members enrolled in redefined Benefit Plan Defined Contribution Plan Combined Plan2022|2023Account Withdrawal OverviewDEFINED BENEFIT, DEFINED CONTRIBUTION OR COMBINED PLANTable
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The combination of defined benefit plans allows for a more versatile retirement savings option.
Employers offering defined benefit plans are required to file the necessary paperwork.
Employers can fill out the required forms online or through their retirement plan administrator.
The purpose is to streamline retirement benefits and potentially increase savings for employees.
Employers must report details about the combined defined benefit plans, contributions, and participant information.
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