Defined-Contribution Plan
A retirement plan in which a certain amount or percentage of money is set aside each year by a company for the benefit of the employee. There are restrictions as to when and how you can withdraw these funds without penalties. Investopedia Says:
There is no way to know how much the plan will ultimately give the employee upon retiring. The amount contributed is fixed, but the benefit is not. Related Terms:
412(i) Plan
Cash Balance Pension Plan
Defined-Benefit Plan
Legacy Costs
Leveraged Employee Stock Ownership Plan (LESOP)
Liability Driven Investment - LDI
Other Post-Retirement Benefits
Pension Plan
Pension Shortfall
Thrift Savings Plan - TSP |