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What is a DB and DC plan?

As the name suggests, a DB / DC Combo Plan is when a Defined Benefit Plan is paired with a Defined Contribution Plan, such as a 401(k) Profit Sharing Plan. By combining the two plans, a business owner is able to increase their deductible limit and reduce the cost of providing retirement benefits to employees.

What is SISC plan?

The SISC Defined Benefit plan is a qualified pension plan offered as an alternative to Social Security for part-time, temporary, and seasonal employees. It works like a traditional pension plan to give employees an extra source of income at retirement. The SISC DBP was introduced in 1994.

What does SISC stand for?

SISC AcronymDefinitionSISCStandard Instruction Set Computing/ComputingSISCSingle Instruction Set ComputerSISCSecurity Income Status CodeSISCSimple Instruction Set Computer16 more rows

What does SISC stand for?

SISC AcronymDefinitionSISCStandard Instruction Set Computing/ComputingSISCSingle Instruction Set ComputerSISCSecurity Income Status CodeSISCSimple Instruction Set Computer16 more rows