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Form 4461 Rev November Application for Approval of Master or Prototype and Regional Prototype Defined Contribution Plan Info Cop

Form 4461 Rev November Application for Approval of Master or Prototype and Regional Prototype Defined Contribution Plan Info Cop

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Instructions and help about Form 4461 Rev November Application For Approval Of Master Or Prototype And Regional Prototype Defined Contribution Plan Info Copy Only

in short a defined contribution pension plan is a retirement plan that specifies the amount of money both the employer and employee contribute to the plan the contributions are then invested on the employees behalf and the retirement benefit is based on the performance of the Investments unlike a defined benefit plan where the benefit amount is predetermined the benefit in a defined contribution plan depends on market returns overall defined contribution plans require more involvement from the employee in managing their retirement savings and that's the nature of a defined contribution pension plan

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