It is a participatory traditional pension plan with a funding horizon of 10 - 40 years. (policyx.com)
Participants in traditional pension plans typically have two options when it comes to how the benefits will be paid out. (pacificinsurancegroup.com)
While not as «guaranteed» as traditional pension plans once were, a 401k can potentially be better for your retirement if you use it correctly. (thebrokeprofessional.com)