Defined Contribution Plan

What Is the Defined Contribution Plan?

• A 401(a) and 403(b) retirement plan for lay employees
• Employers make a base contribution, and match employee contributions as well.
• Employees choose how much to contribute and how to allocate their funds.
• Benefits depend on the value of an individual's account balance at the time of retirement.
• Investment options include:
  • A money market mutual fund
  • Stock funds
  • Bond funds
  • A stable value investment option
  • Fidelity Freedom Funds

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