其英文释义如下:A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. (Wikipedia) ,美国的401k计划就属于设定提存计划。 而设定受益计划,是在企业年金计划中根据一定的标准(职工服务年限、工资水平等)确定每个职工退休...
401(k) accounts can only be sponsored by an employer. In most organizations, the 401(k) plan is offered as an optional retirement benefit. A 401(k) is a defined contribution account. If an eligible employee participates in a 401(k), they will decide an amount of their salary that will...
For most employees, a defined contribution plan is one of the primary benefits offered by their employer, with a401(k)being the standard employer-sponsored retirement plan used by for-profit businesses. Employer matching of your 401(k) contributionsmeans that your employer contributes a certain amou...
Individuals will be able to save up to $22,500 in their 401(k)s next year, an increase of 9.8% from the current year's limit of $20,500, the agency said in a statement. The new limit also applies to other types of defined contribution plans, including 403(b), most 457 plans and...
A defined contribution plan like a 401(k) may not be sufficient to meet your retirement needs. 401(k) Plans Like its Roth equivalent, the traditional 401(k) is an employer-sponsored plan. This means you can’t set one up on your own. Money is taken out of your paycheck through auto...
An example of a defined benefit plan (DBP) is the 401a plan, and an example of a defined contribution plan (DCP) is the 401k plan. Both types of...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer...
It’s also what’s called a “defined contribution” plan because employees set aside, or “contribute,” a percentage of their paychecks to their 401(k)s. The name 401(k) comes from the section inthe Internal Revenue Service tax codethat governs it. ...
(k)is a type of retirement plan available through your employer. Some companies require employees to work for a certain period of time, such as a number of months or a year, before gaining eligibility for this type of account. “A 401(k) plan, also known as a defined contribution plan...
401(k) plans are a type of defined contribution plan, which means that the employee contributes a portion of their salary to the plan, and the employer may also make contributions. In contrast, pension plans are a type of defined benefit plan, which means that the employer promises to pay...
The 401(k) plan is a defined-contribution pension plan, although the term “pension plan” is commonly used to refer to the traditional defined-benefit plan. The defined-contribution plan is less expensive for a company to sponsor, and the long-term costs are easier to estimate. It also ta...