Retirement — Private Sector
About this plan
A Pension Plan provides employees with a guaranteed monthly income in retirement, based on a formula that typically includes years of service and compensation history. NBS administers traditional pension plans in coordination with your actuarial firm, handling all compliance, filings, and benefit calculations.
What's Included
For Employers
A Pension Plan is a powerful retention tool that provides guaranteed retirement income. NBS handles the complex administration, coordinates with your actuary, and ensures all filings and compliance requirements are met.
For Participants
Your employer provides a pension plan — a guaranteed monthly income when you retire, based on your years of service and salary. NBS makes sure the plan is properly funded and administered.
IRS Contribution Limits
Annual limits set by the IRS for tax-advantaged retirement contributions.
Elective Deferral Limit
All eligible employees
Age 50+ Catch-Up Contribution
Employees age 50 and older
Available if your plan permits.
Super Catch-Up Contribution
Employees ages 60–63 (SECURE 2.0)
Available if your plan permits.
Maximum Annual Additions
All contributions combined (employer + employee)
Age 50–59 & 64+
$32,500
Base $24,500 + catch-up $8,000
Ages 60–63 (SECURE 2.0)
$35,750
Base $24,500 + super catch-up $11,250
Combined totals assume your plan permits the applicable catch-up.
Catch-up contributions are plan-optional — your plan document governs which are available. Limits updated annually by the IRS. SECURE 2.0 super catch-up (ages 60–63) continues for 2026. View on IRS.gov →
NBS administers more than Pension Plans
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also be interested in these related plans.
