MIS 4500 Lecture Notes - Cash Balance Plan, Employee Retirement Income Security Act, Time Horizon

• School: University of Manitoba
• Department: Management Info. Systems
• Course: MIS 4500
• Professor: Pourang Irani

Document Summary

Sponsor directed: ips is simpler subset of db plan ips. Plan participants set on risk and return objectives. Ips becomes overall set of governing principles rather than ips for a specific plan participant. Hybrid and other plans: combination of db (benefit guarantees, years of service rewards, ability to link retirement pay to % of salary) and dc (portability, administrative ease and understandability) plans. Cash balance plans, pension equity plans, target benefit plans and floor plans. Esop: dc plans that invest all or a majority of assets in company stock; contributions based on employee pay; vesting schedules; (not diversified) Independent grant- making organization established to aid social, educational, charitable, or religious activities. A legally independent grant-making org w/ close ties to corp providing funds. Generally an individual, family, or group of individuals. Endowment and/or annual contributions from a profit- making corp. Org that uses its resources to conduct research or provide a direct service (e. g. , operate a museum)