What is an employer-sponsored plan in which the employer sets aside a certain proportion of a worker's earnings in an investment account,which the worker will receive with investment earnings at retirement?

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A defined contribution pension plan is an employer-sponsored retirement plan where the employer contributes a certain amount or percentage of the employee's earnings to an investment account. The amount contributed is defined, but the benefits received at retirement depend on the investment earnings accrued. This type of plan is more common than defined benefit pensions because it shifts the investment risk from the employer to the employee.

What Is an Employer-Sponsored Plan in Which the Employer Sets