The financial definition for Defined contribution plan:
A pension plan whose sponsor
is responsible only for making specified contributions into the plan on behalf
of qualifying participants. Related: Defined
benefit plan
Similar Matches
Contribution
Contribution Money placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account.
Contribution margin
Contribution margin The difference between variable revenue and variable cost.
Deductible contribution
Deductible contribution Amount paid into an IRA, an employer-sponsored
retirement plan, or other type of retirement plan for a particular tax year that is a
deduction from income for tax purposes.