MLchartDataset catalogue

Defined contribution plan

Term · Finance and investing · MLC-T-FIN-000115

A retirement savings plan, such as a 401(k) plan, that does not promise a specific payment upon retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account. The employee bears the investment risks.

Table 1. Record
IdentifierMLC-T-FIN-000115
FieldFinance and investing
ReferencesSEC Investor.gov Glossary
Record as JSON 
{
  "id": "MLC-T-FIN-000115",
  "term": "Defined contribution plan",
  "field": "Finance and investing",
  "term_source": "Defined Contribution Plan",
  "definition": "A retirement savings plan, such as a 401(k) plan, that does not promise a specific payment upon retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account. The employee bears the investment risks.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/defined-contribution-plan/"
}

Record 115 of 398 in Finance and investing terminology (MLC-0118). Request the full dataset.