| 单词 | defined contribution plan |
| 释义 | defined contribution plan in Insurance (dɪfaɪnd kɒntrɪbyuʃən plæn) Word forms: (regular plural) defined contribution plans noun (Insurance: Life insurance, Pensions) planA defined contribution plan is a type of pension plan that specifies the annual contribution that the employer will pay on behalf of each plan participant. In a defined contribution plan, the sponsor or company makes contributions to an investment fund in the plan member'saccount. A defined contribution plan is a tax-qualified retirement plan in which an employer's annual contributions aredetermined by a formula set for those in the plan. A defined contribution plan is a type of pension plan that specifies the annual contribution that the employerwill pay on behalf of each plan participant. |
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