设定提存计划可译为“Defined Contribution Plan”,“设定受益计划”可译为“Defined Benefit Plan”。 设定提存计划,是在企业年金计划中根据一定的标准确定企业单方或与职工双方每期固定的缴费水平,而不确定未来对职工支付年金的水平,也不提供最低保证,职工在退休时每期所能获得的年金水平主要取决于企业和职工的缴费金额...
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...
Very few 401(k) plans provide true lifetime income options, such as the monthly lifetime retirement benefit in a pension plan or a plan design feature in which the accumulated account is used to purchase an annuity contract providing a guaranteed monthly retirement income benefit. And, there ...
Plan participation reached all-time highs.Thanks to a change in the law several years ago, a record-high 59% of plans offered automatic enrollment in 401(k) plans. This is a major improvement: ipreviously, enrollment in 401(k) plans were often short of expectations because investors...
As long as the rules are spelled out in writing and given to you when you join, are administered evenly across the board, and support the basic purpose of the 401(k) program as defined by law, a 401(k) plan may be very restrictive and yet be perfectly legal. Rules put in place by...
Then along comes the 401K, the employee-controlled plan, where a benefit is not defined, but the risk is shifted to the employee. Mike says that although employees are nowresponsible for their own retirement, they didn’t get full control of investment choices and they didn’t get the neces...
How long does it take to be vested in a pension plan? If you have a pension plan, aka defined benefit plan, the laws for vesting are a little different. With a defined benefit plan, the longest acliff vesting schedule can be is five years. If the company follows a graded schedule, ...
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 take...
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...
The article offers information on how to prepare defined benefit plan documents in the U.S. It notes that when documenting plans, one approach is to include only information that is legally required to allow flexibility in plan administration. It mentions a practical approach to plan preparation ...