What is the difference between a Defined Contribution (DC) plan and a Defined Benefit (DB) plan? (22-Jun-2020 by Mike Busby)
June 22, 2020
Hello; Here is a description of each work retirement plan and some key differences: Defined Contribution Plan (DC) This plan is one where contributions into the plan are based on a specific formula and the sum of accumulated contributions and growth, credited to a plan member, are used to purchase
