defined contribution plan Definition

defined contribution plan

Definition

A company retirement plan, such as a 401(k) plan or 403(b) plan, in which the employee elects to defer some amount of his/her salary into the plan and bears the investment risk.

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defined contribution plan is ...
... part of the Retirement subject.

Related Terms

defined benefit plan - More

automatic investment plan - More

money purchase pension plan - More

stock purchase plan, systematic investment plan, superannuation

defined contribution plan appears in the definitions of these other terms on BusinessDictionary.com

defined contribution pension plan, pension plan

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