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Defined Benefit

Defined Benefit Plan - Basic Plan

Plan Objectives

The objective of the Defined Benefit Plan is to provide a benefit that, combined with Social Security, will provide a comfortable living in your retirement years. If a participant has been in the plan for 30 years, the plan, combined with Social Security, should provide 60-80% of his/her final annual earnings.

Should you have any questions concerning the supplemental Defined Contribution Plan, please contact us at 1.800.323.4215 or at our email address BGCRetirement@baptistgeneral.org.

Defined Contribution Plan - Supplemental Plan ( 8 items )

Plan Objectives

The objective of the supplemental plan is to provide an opportunity to build a separate "nest egg" which can be used to supplement retirement income or purchase a home. This plan has become more important as Social Security benefits have declined.

Should you have any questions concerning the supplemental Defined Contribution Plan, please contact us at 1.800.323.4215 or at our email address BGCRetirement@baptistgeneral.org.

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