A subset or type of Defined Contribution Plan, also know as a Cash or Deferred Arrangement (CODA). This type of plan allows participants to elect to defer a percentage of their pay to the plan. The employer may also make contributions under this type of plan normally in the form of profit sharing or matching [...]
A subset or type of Defined Contribution Plan. Contributions under this type of plan are made by the employer who has a fixed obligation to make such annual contributions to the plan. These contributions are usually based on a document defined percentage of each participant’s pay.
A subset or type of Defined Contribution Plan. Contributions under this type of plan are made by the employer and allocated to participants’ accounts pursuant to a definite predetermined formula. Contributions are discretionary and may or may not be made from plan year to plan year, with or without regards to profit, as defined by [...]
A type of qualified retirement plan in which a participant’s benefit is based solely on a predetermined monthly benefit to be paid at the participant’s normal retirement date. The monthly benefit is based on a formula, which may take into account a participant’s salary, service and other factors.
A type of qualified retirement plan in which a participant’s benefits are based solely on the participant’s account balance.
