Which offers a guaranteed benefit after a required number of years of service or certain age?
Defined Contribution Plan
Defined Benefit Plan
Which requires employees to contribute a defined amount and bear the entire risk in the investment results? (Hint: Employees do NOT receive a guaranteed benefit.)
Defined Contribution Plan
Defined Benefit Plan
Bonus Round
What is a 401K Plan?
Defined Contribution Plan
Defined Benefit Plan
Learn more about the differences in retirement and pensions plans here.
