   DefinedContributionPlan
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Sigma KEE - DefinedContributionPlan
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DefinedContributionPlan
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A company retirement plan, such as a 401(k) or 403(b), in which the employee elects to defer some amount of his/her salary into the plan and bears the investment risk.
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PensionPlan |
A qualified retirement plan set up by a corporation, labor union, government, or other organization for its employees. Examples include profit-sharing plans, stock bonus and employee stock ownership plans, thrift plans, target benefit plans, money purchase plans, and defined benefit plans.
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SARSEPPlan | | | | SavingsPlan_401K | A defined contribution plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes. The name 401(k) comes from the IRS section describing the program. | | | SavingsPlan_403B | A retirement plan similar to a 401(k) plan, but one which is offered by non-profit organizations, such as universities and some charitable organizations, rather than corporations. |
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