Most investment firms manage money for individual and corporate clients. Their portfolio might include everything from Taft-Hartley Pension Funds and corporate pension plans to endowments and more. Firms such as EnTrust Capital, with managing partner Gregg Hymowitz, and many other companies, specialize in managing these funds.
In particular, a corporate pension plan is an arrangement that has been made between the company and its employees, or the employee’s union. The plan provides funds for the employee’s retirement and can be financed in a number of ways. Usually, both the employee and the employer contribute to the plan with a fixed amount contributed each month.
There are many types of corporate pension plans. Two of the most common plans are the defined-benefit plans and the defined-contribution plans.