defined contribution plan

noun

: a pension plan in which the amount of the contributions made by the employer is fixed in advance and earnings are distributed proportionately

Dictionary Entries Near defined contribution plan

defined benefit plan

defined contribution plan

definite failure of issue

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“Defined contribution plan.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/defined%20contribution%20plan. Accessed 4 Nov. 2024.

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