MLchartDataset catalogue

Defined contribution plan

Term · Insurance and risk management · MLC-T-INS-001111

A retirement plan where contributions are made by the employee, the employer, or both, into individual accounts. The final retirement benefit depends on the total contributions and the investment performance of the account over time. The employee bears the investment risk in these plans, such as 401(k)s and 403(b)s.

Table 1. Record
IdentifierMLC-T-INS-001111
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001111",
  "term": "Defined contribution plan",
  "field": "Insurance and risk management",
  "definition": "A retirement plan where contributions are made by the employee, the employer, or both, into individual accounts. The final retirement benefit depends on the total contributions and the investment performance of the account over time. The employee bears the investment risk in these plans, such as 401(k)s and 403(b)s.",
  "url": "https://mlchart.com/terminology/insurance/defined-contribution-plan/"
}

Record 925 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.