AOL

What’s a Defined Benefit Plan? Pros, Cons and How It Compares

What Are the Features of a Defined Benefit Plan? A defined benefit plan guarantees retirement benefits for an employee. Some of the features include: Employer sponsored: The employer funds and manages ...
Hosted on MSN

Is a 401(k) a Defined Benefit Plan?

A 401(k) is not a defined benefit plan. Instead, it is classified as a defined contribution plan. It is an employer-sponsored retirement savings that allows employees to contribute a portion of their ...
CNN

Traditional pension plans are pretty rare. But here’s who still has them and how they work

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But ...