An incentive system providing that employees share in companys profits through a cash fund or a deferred plan used to buy stock or bonds.
An incentive system providing that employees share in company profits through a cash fund or a defer
A qualified retirement plan established and maintained by an employer which enables employees and th
A retirement plan funded by employer contributions that are based on a share of the company's profits. Employees are frequently responsible for managing the money themselves, selecting from such investments as mutual funds
- DEFINED CONTRIBUTION PLAN characterized by the setting aside of a portion of an entity's profits in participant's accounts. (See EMPLOYEE BENEFIT PLAN.)