Defined benefits & defined contribution plans and individual retirement accounts are commonly administered:

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Defined benefits and defined contribution plans, as well as individual retirement accounts, are often administered through employee benefit trusts. These trusts are specifically designed to provide retirement benefits to employees and are a common vehicle for managing retirement plans in the corporate world. Charitable trusts and estate administrations are not typically involved in the management of retirement plans. While corporate trusts may be involved in certain types of retirement plans, employee benefit trusts are more commonly used.

Defined Benefits & Defined Contribution Plans and Individual Retirement Accounts