With a defined contribution plan, the employer is off the hook immediately after giving the employee the cash.
With defined benefit, the employer is on the hook for all adverse investment performance as well as broader economic turmoil decades into the future.
With a defined contribution plan, the employer is off the hook immediately after giving the employee the cash.
With defined benefit, the employer is on the hook for all adverse investment performance as well as broader economic turmoil decades into the future.