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How do I find companies in my part of the world that still offer a pension?
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How can I find a list of companies that currently offer a pension plan?
I would prefer that type of retirement system, instead of one that relies on a 401K.
I would like to be able to search by city/state, but realize that some companies have offices in many locations.
united-states benefits
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
asked Jul 10 '13 at 14:21
Mike Marks
1465
 |Â
show 8 more comments
up vote
8
down vote
favorite
How can I find a list of companies that currently offer a pension plan?
I would prefer that type of retirement system, instead of one that relies on a 401K.
I would like to be able to search by city/state, but realize that some companies have offices in many locations.
united-states benefits
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
asked Jul 10 '13 at 14:21
Mike Marks
1465
6
This question appears to be off-topic because it is about something too narrow in geographic scope.
– user8365
Jul 10 '13 at 14:26
3
I'm sure the federal government has jobs in OK. They still have a pension.
– HLGEM
Jul 10 '13 at 14:29
2
@Carmine Welcome to the Workplace! The problem with this as currently phrased is for example, let's say Acme Inc has a pension now. Next year, they might not, which will mislead future readers. A more appropriate question for this site would be something along the lines of, "how to determine if a company has a pension plan without interviewing?" or something similar.
– Elysian Fields♦
Jul 10 '13 at 15:01
3
All American "pension" plans (defined contribution and self-insured count as pensions) are reported annually and filed with the Department of Labor (see "EFAST") and are publicly visible 45 days after filing. Look in the pension benefit code (line 8a on a 5500) for codes starting with "1" for defined benefit plans (traditionally called "pensions") such as "1A" or "1B" (plans with "1H" or "1i" are closed/terminated plans). Codes starting with "2" are defined contribution, such as 401k or 403b plans. The public-facing DOL site isn't searchable geographically, but some other sites are.
– Tangurena
Jul 10 '13 at 18:30
2
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number.
– mhoran_psprep
Jul 10 '13 at 20:56
 |Â
show 8 more comments
up vote
8
down vote
favorite
up vote
8
down vote
favorite
How can I find a list of companies that currently offer a pension plan?
I would prefer that type of retirement system, instead of one that relies on a 401K.
I would like to be able to search by city/state, but realize that some companies have offices in many locations.
united-states benefits
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
asked Jul 10 '13 at 14:21
Mike Marks
1465
How can I find a list of companies that currently offer a pension plan?
I would prefer that type of retirement system, instead of one that relies on a 401K.
I would like to be able to search by city/state, but realize that some companies have offices in many locations.
united-states benefits
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
asked Jul 10 '13 at 14:21
Mike Marks
1465
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
edited Jul 10 '13 at 15:49
Joe Strazzere
224k107661930
224k107661930
asked Jul 10 '13 at 14:21
Mike Marks
1465
asked Jul 10 '13 at 14:21
Mike Marks
1465
asked Jul 10 '13 at 14:21
Mike Marks
1465
1465
6
This question appears to be off-topic because it is about something too narrow in geographic scope.
– user8365
Jul 10 '13 at 14:26
3
I'm sure the federal government has jobs in OK. They still have a pension.
– HLGEM
Jul 10 '13 at 14:29
2
@Carmine Welcome to the Workplace! The problem with this as currently phrased is for example, let's say Acme Inc has a pension now. Next year, they might not, which will mislead future readers. A more appropriate question for this site would be something along the lines of, "how to determine if a company has a pension plan without interviewing?" or something similar.
– Elysian Fields♦
Jul 10 '13 at 15:01
3
All American "pension" plans (defined contribution and self-insured count as pensions) are reported annually and filed with the Department of Labor (see "EFAST") and are publicly visible 45 days after filing. Look in the pension benefit code (line 8a on a 5500) for codes starting with "1" for defined benefit plans (traditionally called "pensions") such as "1A" or "1B" (plans with "1H" or "1i" are closed/terminated plans). Codes starting with "2" are defined contribution, such as 401k or 403b plans. The public-facing DOL site isn't searchable geographically, but some other sites are.
– Tangurena
Jul 10 '13 at 18:30
2
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number.
– mhoran_psprep
Jul 10 '13 at 20:56
 |Â
show 8 more comments
6
This question appears to be off-topic because it is about something too narrow in geographic scope.
– user8365
Jul 10 '13 at 14:26
3
I'm sure the federal government has jobs in OK. They still have a pension.
– HLGEM
Jul 10 '13 at 14:29
2
@Carmine Welcome to the Workplace! The problem with this as currently phrased is for example, let's say Acme Inc has a pension now. Next year, they might not, which will mislead future readers. A more appropriate question for this site would be something along the lines of, "how to determine if a company has a pension plan without interviewing?" or something similar.
– Elysian Fields♦
Jul 10 '13 at 15:01
3
All American "pension" plans (defined contribution and self-insured count as pensions) are reported annually and filed with the Department of Labor (see "EFAST") and are publicly visible 45 days after filing. Look in the pension benefit code (line 8a on a 5500) for codes starting with "1" for defined benefit plans (traditionally called "pensions") such as "1A" or "1B" (plans with "1H" or "1i" are closed/terminated plans). Codes starting with "2" are defined contribution, such as 401k or 403b plans. The public-facing DOL site isn't searchable geographically, but some other sites are.
– Tangurena
Jul 10 '13 at 18:30
2
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number.
– mhoran_psprep
Jul 10 '13 at 20:56
6
6
This question appears to be off-topic because it is about something too narrow in geographic scope.
– user8365
Jul 10 '13 at 14:26
This question appears to be off-topic because it is about something too narrow in geographic scope.
– user8365
Jul 10 '13 at 14:26
3
3
I'm sure the federal government has jobs in OK. They still have a pension.
– HLGEM
Jul 10 '13 at 14:29
I'm sure the federal government has jobs in OK. They still have a pension.
– HLGEM
Jul 10 '13 at 14:29
2
2
@Carmine Welcome to the Workplace! The problem with this as currently phrased is for example, let's say Acme Inc has a pension now. Next year, they might not, which will mislead future readers. A more appropriate question for this site would be something along the lines of, "how to determine if a company has a pension plan without interviewing?" or something similar.
– Elysian Fields♦
Jul 10 '13 at 15:01
@Carmine Welcome to the Workplace! The problem with this as currently phrased is for example, let's say Acme Inc has a pension now. Next year, they might not, which will mislead future readers. A more appropriate question for this site would be something along the lines of, "how to determine if a company has a pension plan without interviewing?" or something similar.
– Elysian Fields♦
Jul 10 '13 at 15:01
3
3
All American "pension" plans (defined contribution and self-insured count as pensions) are reported annually and filed with the Department of Labor (see "EFAST") and are publicly visible 45 days after filing. Look in the pension benefit code (line 8a on a 5500) for codes starting with "1" for defined benefit plans (traditionally called "pensions") such as "1A" or "1B" (plans with "1H" or "1i" are closed/terminated plans). Codes starting with "2" are defined contribution, such as 401k or 403b plans. The public-facing DOL site isn't searchable geographically, but some other sites are.
– Tangurena
Jul 10 '13 at 18:30
All American "pension" plans (defined contribution and self-insured count as pensions) are reported annually and filed with the Department of Labor (see "EFAST") and are publicly visible 45 days after filing. Look in the pension benefit code (line 8a on a 5500) for codes starting with "1" for defined benefit plans (traditionally called "pensions") such as "1A" or "1B" (plans with "1H" or "1i" are closed/terminated plans). Codes starting with "2" are defined contribution, such as 401k or 403b plans. The public-facing DOL site isn't searchable geographically, but some other sites are.
– Tangurena
Jul 10 '13 at 18:30
2
2
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number.
– mhoran_psprep
Jul 10 '13 at 20:56
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number.
– mhoran_psprep
Jul 10 '13 at 20:56
 |Â
show 8 more comments
1 Answer
1
active
oldest
votes
up vote
5
down vote
accepted
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number
Note that this only lists the plans that are insured, but if a company doesn't insure the plan what good is it.
A problem with searching for a company, is that many companies are phasing out the plans. They may prevent new employees from joining the plan, but for existing employees they are still contributing funds. Those plans will still exist for decades, yet no new members will be enrolled.
There are also issues with determining if a large corporation has jobs in your area. They will be listed only at the HQ location for the company or subsidiary.
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
add a comment |Â
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
5
down vote
accepted
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number
Note that this only lists the plans that are insured, but if a company doesn't insure the plan what good is it.
A problem with searching for a company, is that many companies are phasing out the plans. They may prevent new employees from joining the plan, but for existing employees they are still contributing funds. Those plans will still exist for decades, yet no new members will be enrolled.
There are also issues with determining if a large corporation has jobs in your area. They will be listed only at the HQ location for the company or subsidiary.
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
add a comment |Â
up vote
5
down vote
accepted
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number
Note that this only lists the plans that are insured, but if a company doesn't insure the plan what good is it.
A problem with searching for a company, is that many companies are phasing out the plans. They may prevent new employees from joining the plan, but for existing employees they are still contributing funds. Those plans will still exist for decades, yet no new members will be enrolled.
There are also issues with determining if a large corporation has jobs in your area. They will be listed only at the HQ location for the company or subsidiary.
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
add a comment |Â
up vote
5
down vote
accepted
up vote
5
down vote
accepted
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number
Note that this only lists the plans that are insured, but if a company doesn't insure the plan what good is it.
A problem with searching for a company, is that many companies are phasing out the plans. They may prevent new employees from joining the plan, but for existing employees they are still contributing funds. Those plans will still exist for decades, yet no new members will be enrolled.
There are also issues with determining if a large corporation has jobs in your area. They will be listed only at the HQ location for the company or subsidiary.
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number
Note that this only lists the plans that are insured, but if a company doesn't insure the plan what good is it.
A problem with searching for a company, is that many companies are phasing out the plans. They may prevent new employees from joining the plan, but for existing employees they are still contributing funds. Those plans will still exist for decades, yet no new members will be enrolled.
There are also issues with determining if a large corporation has jobs in your area. They will be listed only at the HQ location for the company or subsidiary.
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
answered Jul 11 '13 at 3:16
mhoran_psprep
40.3k463144
40.3k463144
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
add a comment |Â
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
A note too regarding companies phasing out these plans, if you are a few years from retirement, keep in mind while you might work for a company which has a defined benefit/pension plan, just because it currently exists does NOT necessarily guarantee it will exist in the same form when we retire. Or even that the company will exist at that time...
– Elysian Fields♦
Jul 11 '13 at 13:22
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
Great answer; I wasn't aware of the PBGC, but that would have made a nice addition to my answer to this question on money.SE.
– John Bensin
Jul 11 '13 at 13:44
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
When the company goes bankrupt the insurance provided by PBGC makes sure that the plan doesn't disappear. The problem is that there is a maximum amount per year per employee they will pay. If you were expecting more, you will have a problem.
– mhoran_psprep
Jul 11 '13 at 13:48
add a comment |Â
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6
This question appears to be off-topic because it is about something too narrow in geographic scope.
– user8365
Jul 10 '13 at 14:26
3
I'm sure the federal government has jobs in OK. They still have a pension.
– HLGEM
Jul 10 '13 at 14:29
2
@Carmine Welcome to the Workplace! The problem with this as currently phrased is for example, let's say Acme Inc has a pension now. Next year, they might not, which will mislead future readers. A more appropriate question for this site would be something along the lines of, "how to determine if a company has a pension plan without interviewing?" or something similar.
– Elysian Fields♦
Jul 10 '13 at 15:01
3
All American "pension" plans (defined contribution and self-insured count as pensions) are reported annually and filed with the Department of Labor (see "EFAST") and are publicly visible 45 days after filing. Look in the pension benefit code (line 8a on a 5500) for codes starting with "1" for defined benefit plans (traditionally called "pensions") such as "1A" or "1B" (plans with "1H" or "1i" are closed/terminated plans). Codes starting with "2" are defined contribution, such as 401k or 403b plans. The public-facing DOL site isn't searchable geographically, but some other sites are.
– Tangurena
Jul 10 '13 at 18:30
2
The Pension Benefit Guaranty Corporation which is a federal agency insures defined benefit plans for both single company and multiple company plans. It has a tool to look them up based on plan name, company, location, and id number.
– mhoran_psprep
Jul 10 '13 at 20:56