Keogh plans can be both defined-contribution and defined-benefit plans.

Name: Keogh plans can be both defined-contribution and defined-benefit plans.
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Keogh plans can be structured as either a defined-contribution plan, where the employer sets aside a fixed percentage of an employee's salary into the plan each year, or a defined-benefit plan, where the employer guarantees a specific retirement benefit for the employee based on factors such as years of service and salary history.

Keogh Plans Can Be Both Defined-Contribution and Defined-Benefit Plans