Defined Benefit vs. Defined Contribution: Choosing the Right Retirement ProgramĀ
HR Professionals Magazine
JANUARY 31, 2022
defined contribution (DC) plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans. Defined contribution plans do not have PBGC protection. The cost of a DC plan is typically borne by the employees, by deferring a portion of their salary.
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