Defined Benefit Plan

Business / Human Resources (HR) / Defined Benefit Plan: A retirement plan that is not an individual account plan and pays participants a fixed periodic benefit or a lump-sum amount, calculated using specific formulas that include such items as age, earnings and length of service.

Other Words for Benefit

Benefit Verb Synonyms: improve, aid, help, better, promote, further, advance, forward
Benefit Noun Synonyms: advantage, profit, good, sake, gain, aid, help, service
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Other Words for Plan

Plan Noun Synonyms: design, layout, blueprint, scheme, method, procedure, system, arrangement, programme, project, formula, pattern, script, scenario
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Portable Benefits

Business / Taxes / Portable Benefits: Benefits or accumulated assets that you can take with you when you leave your employer or switch jobs are described as portable. For instance, if you contribute to a 401(k), 403(b), 457, or other defi MORE

Employer Sponsored Retirement Plan

Business / Taxes / Employer Sponsored Retirement Plan: Employers may offer their employees either defined benefit or defined contribution retirement plans, or they may make both types of plans available. Any employer may offer a defined benefit plan, but MORE

Defined Contribution Plan

Business / Finance / Defined Contribution Plan: A pension plan obliging the sponsor to make specified dollar payments to qualifying employees. The pension obligations are effectively the debt obligation of the plan sponsor. Related: Defined contrib MORE

Cash Balance Plan

Business / Taxes / Cash Balance Plan: A cash balance retirement plan is a defined benefit plan that has many of the characteristics of a defined contribution plan. The benefit that you'll be entitled to builds up as credits to a hypotheti MORE

Keogh Plan

Business / Finance / Keogh Plan: A type of pension account in which taxes are deferred. Available to those who are self-employed. MORE

Planktivorous

Science / Marine Biology / Planktivorous: Feeding on planktonic organisms MORE

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