Benefit amount depends entirely on contributions and investment earnings or losses on account. Benefit is subject to fluctuations in market performance. Investment Decisions Made by a staff of full-time financial and investment experts. Each participant makes all investment allocation decisions for own account. Supplemental payments may be made when earnings are high.
Investment risk is assumed entirely by the employee.
All earnings or losses accrue to employee's account. Vesting Monthly retirement benefits are payable with five years service credit at age 60. Determined by employer. Account withdrawals can be paid as a lump-sum distribution, part of which may be taxable at time of withdrawal, or rolled over to another qualified plan. Little or no protection since benefits are fixed at retirement.