Which employer pension plan has an individual account for each employee?

Question

Quizplus · Accepted Answer

A defined-contribution plan is a type of pension plan where an individual account is maintained for each employee. The employer and/or employee contribute funds to the account on a regular basis, and the employee is responsible for investment decisions and bears the risk of investment losses or gains. Examples of defined-contribution plans include 401(k) plans, 403(b) plans, and profit-sharing plans.

Which Employer Pension Plan Has an Individual Account for Each