Fully Insured Plan - 412(e)(3)

The 412(e)(3) Plan is a Fully Insured Defined Benefit Retirement pension plan. It is guaranteed with insurance company life and annuity contracts. Unlike traditional Defined Benefit Plans, the 412(e)(3) Plan invests exclusively in annuity and permanent life insurance contracts with guaranteed rates of return. The plan avoids the ups and downs of the stock market and can never suffer any losses or be under-funded. You get the largest tax deductions of any qualified retirement plan - you can invest more and accumulate at a faster rate than with other Defined Benefit Plans.