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
Cite this Entry
“Defined contribution plan.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/defined%20contribution%20plan. Accessed 25 Apr. 2024.
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