Retirement plans in the United States
A retirement plan in USA is the best ever financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions.
Retirement plans in the U.S. are defined in tax terms by the IRS code and they are regulated by the Department of Labor's provisions under the Employee Retirement Income Security Act.
- Defined contribution plan
- Defined benefit plans
- Hybrid and Cash Balance Plans
- Requirement of Permanence
- Qualified retirement plans
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