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Which one of these is the best description of a defined contribution plan?
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What is the best description of a defined benefits plan?
a set amount an employee will receive at retirement
What is the main difference between and defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What is the main difference between a defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What are pension plans?
Pension plans are a type of retirement plan in which the employee and employer make contributions. These contributions are invested and to be received upon retirement. In most all cases pension plans are tax exempt. The two types of pension plans are defined benefit plans and defined contribution plans. A defined benefit plan guarantees an amount upon retirement no matter how the investment performed. A defined contribution plan is not a guaranteed amount and heavily depends on the investment performance.
What is a 401K?
your retirement fund It is a type of defined contribution retirement plan offered by many employers. The employee decides how much he wishes to contribute, and the employer may or may not make a matching contribution.
Which of these is the best description of a defined contribution plan?
the money an employer puts into a retirement fund for each employee
What is the difference between the Thrift Savings Plan and FERS?
FERS is a retirement system that includes both a small defined benefit plan and a defined contribution plan. The Thrift Savings Plan is the defined contribution plan used in FERS.
What is the best description of a defined benefits plan?
a set amount an employee will receive at retirement
What is the main difference a defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What is the main difference between and defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What is the main difference between a defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
A defined contribution plan is part of which employee benefit?
retirement
What are examples of a defined contribution retirement plan?
w-2
What are common examples of a defined contribution retirement plan?
w-2
Both the employer and the employee contribute to which of these benefits?
Defined contribution plan
What are defined contribution plans?
If you are employed and have a defined contribution plan as part of your salary, this means that the percentage of your income that goes towards your retirement is at a fixed rate, and will not change.
What are some common examples of a defined contribution retirement plan?
w-2
