Definition Defined contribution plan
English vocabulary and translations (See all our English vocabulary translation)
Want to improve your English? Try our online English lessons for free.
a defined contribution plan: a fixed pension scheme, a system in which employers pay a fixed amount regularly to prepare their employees for retirement
- "The 401(k) plan is a "defined contribution plan"."
Still having difficulties with 'Defined contribution plan'? Want to improve your English? Try our online English lessons and receive a free level assessment.
Do you have smart way of remembering 'Defined contribution plan'? Share it with us!