Learn about the Employee Benefit Plan Audit services offered to companies in Florida including 401k, 403b and other retirement plan audits. This document is not intended to include every program detail.Complete details can be found in Chapter 121,. Defined benefit plans provide a fixed, pre-established benefit for employees at retirement. The FRS Pension Plan is a defined benefit plan, in which you are guaranteed a benefit at retirement if you meet certain criteria. Benefit program administered under this part, referred to as the "Florida Retirement System Pension Plan" or. The first is the defined benefit plan. This plan promises you a specific amount at retirement, which you can receive in a lump sum or an annuity. Benefit program administered under this part, referred to as the "Florida Retirement System Pension Plan" or. As an "employer," a group or association, as well as a PEO, can sponsor a defined contribution retirement plan for its members.