Real Estate Glossary

Defined-contribution plan

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Written by Richard Wilson

Upon retirement, an employee’s benefits are determined by the amount contributed by their employer and/or the employee themselves during their tenure. Those retirement plans are typically tax-deferred. They include thrift plans, profit-sharing plans, and 401(k).

Upon retirement, an employee’s benefits are determined by the amount contributed by their employer and/or the employee themselves during their tenure. Those retirement plans are typically tax-deferred. They include thrift plans, profit-sharing plans, and 401(k).

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Richard Wilson

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