Employer Sponsored Pension Plans:
- Employer-sponsored plans refer to employee benefits that are offered by an organization.
- These plans are often tax-advantaged for employees.
- Sponsorship does not mean that an employer contributes funds to the plans, though they may match certain employee contributions.
- Employers install these benefit plans in order to attract and retain workers as well as receiving tax breaks and other incentives.
The are 2 types:
- Defined Contribution Plans and
- Defined Benefit Plans
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