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 16 Jul. 2024.

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