The TERC vs. Pension Plans & 401k Plans
Business owners are finding that the TERC has several better features than Pension Plans & 401k Plans. With standard pension plans, the business owner is locked into a large financial commitment, offering very little flexibility. In addition, the money deposited into the pension plan is typically not liquid available. Regarding contributory 401k Plans, the business owner is forced to contribute funds towards employees that haven’t been with the company for any substantial length of time …
