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investopedia.com
What Are Defined Contribution Plans, and How Do They Work?
A defined contribution (DC) plan is a retirement plan to which employees allocate part of their paychecks to an account that will fund their retirements.
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bennet co has a 31 december year end and has a defined contribution plan forits employees under this plan employees contribute 50000 per month andbennet co is required to make a matching 50000 per mon
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