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re: Are any of y'all anti- 401K or IRA
Posted on 5/3/13 at 10:54 am to Broke
Posted on 5/3/13 at 10:54 am to Broke
quote:
Unless you are talking about a defined benefit plan.
A 401(k) plan is a defined contribution plan and not a defined benefit plan so, yeah, it is different.
Employees do not have set amounts put into an account for them in defined benefit plans so the amount 'limit' is non-existent for DB plans.
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