Patent ID: 8024248
Filing Date: 2011-09-20
Classification: G06Q

Abstract:
1. A system for providing a user with a defined benefit within a qualified or non-qualified defined contribution plan, based on a factor that indicates the exact guaranteed minimum periodic income that the user will receive regardless of how long the user lives and the potential for an increase in the periodic income based on excess investment performance over the formula of the designated defined benefit investment options, comprising: a defined contribution module that periodically receives at least one of a sponsor contribution and a participant contribution and for accumulating value over a period of time by investing at least one of the sponsor contribution and the participant contribution or any portion(s) thereof in any number of select investment option(s), the accumulated value, or any portion(s) thereof, being capable of at least one selected from the group consisting of: wherein the selected investment options comprise any number of investment products and at least one designated defined benefit investment option module for: