Fifty-seven percent bought their first fund through defined contribution retirement programs, like 401(k) plans.
To listen to some advocates of "defined contribution" retirement plans, like 401 k)'s, just about anyone could have done it.
The real issue is whether we want the federal government to follow many companies and change from a defined benefit to a defined contribution retirement plan.
At the same time, the report cites "substantial declines" in the availability of defined contribution retirement plan loans, as well as decreases in on-site cafeterias, credit unions and auto subsidies for employees.
Expand catch-up contributions Right now, workers age 50 and over can make additional "catch-up" contributions of up to $5,500 to their defined contribution retirement plans like 401 k)'s.
The Ways and Means Committee will also hold a hearing next week on tax-favored defined contribution retirement plans, like 401 k)'s and individual retirement accounts, with an eye on trimming the tax benefits.
Other ideas would make it easier for people who move in and out of the work force or who work part time to — namely, women — to become eligible for defined contribution retirement plans, which often require workers to log about 1,000 hours during a 12-month period.
This "defined contribution" retirement exacts no punishment on job switchers.
An amazing one-fifth of U.S. companies have suspended matching contributions to defined contribution retirement plans.
The Retirement Plan Services segment provides employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplaces.
Most of them are saving and investing for retirement and for many of them, most of their net worth (outside their home equity) is in their defined contribution retirement accounts.
