The heavier the company's debt load, the more of its income must go to pay creditors. A plan guaranteeing a specific benefit to be paid at retirement.
Some plans permit additional employee contributions while some only permit employer contributions.
A separate account is established for each individual. The ending retirement benefits are determined by the amount of assets accumulated at the time of retirement and on the investment returns earned by those contributions. Employees bear the investment risk with defined contribution plans. Moving tax-deferred retirement plan money from one plan or custodian directly to another. A transfer is not considered a withdrawal and does not incur taxes or penalties.