Sentence examples for defined contribution business from inspiring English sources

Lloyd C. Blankfein Gary D. Cohn Reuters reports that Bill McDermott, the head of the defined contribution business at Goldman Sachs, has left the firm.

The next stop is the $3 trillion defined contribution business better known as 401 k)s.

Technological prowess, in particular, will be important in winning retail fund accounts — and crucial in the competition for the defined contribution pension fund business.

Instead, the trend is towards greater emphasis on privately funded pensions.Within the private pension business itself, another significant change has been taking place: a steady shift from "defined benefit" to "defined contribution" schemes.

Defined contribution Keogh plans allow the small business owner to contribute up to 20% (or as much as $45,000) of their self-employment income (also based on whichever of the two is the lesser amount), but also require the administrator or employer to file a tax return on an annual basis.

This "defined contribution" retirement exacts no punishment on job switchers.

JOHN HANCOCK FINANCIAL SERVICES INC., Boston, a life insurance and financial services company, said it expected to take a nonoperating charge of up to $13 million to give up the business of record keeping for 401(k) and other defined contribution plans.

Private pensions – whether defined benefit or defined contribution – are based on income.

"Low interest rates have devalued all pensions – whether this be defined benefit or defined contribution.

They have been replaced by money purchase or defined contribution (DC) schemes.

A smattering of companies are serving as a sort of bridge to defined contribution.