Results for tag: "Defined Contribution Plan"

A Defined Contribution Plan (DCP) is a type of pension plan in which the employer contributes a fixed amount to the employee's retirement fund. The employee's contributions are also fixed, and the amount of money available for retirement is determined by the performance of the investments made with the contributions. The employer is not responsible for any losses incurred by the investments. DCPs are becoming increasingly popular as they provide more flexibility and control to the employee than traditional pension plans. The DCP market is highly competitive, with a variety of providers offering different plans and investment options. DCPs are typically offered as part of an employer's benefits package, and employers can choose from a range of providers to find the best plan for their employees. Some of the companies in the DCP market include Fidelity Investments, Vanguard, Charles Schwab, TIAA, and Prudential Financial. Show Less Read more