It is a defined contribution pension plan with some differences that make
it simpler than a traditional plan.
Not exact matches
There are also
simple 401 (k)
plans, which is just another type of 401 (k)
plan that your employer may have chosen to set up rather
than a
traditional plan.
We will also demonstrate how a
simple combination of a pure term and public provident fund (PPF) is far better
than these
traditional life insurance
plans.