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A retirement plan is an employee benefit plan established or maintained by an employer, an employee organization (such as a union), or both, that provides retirement income or defers income until termination of covered employment or beyond. A number of retirement plans are available, including the 401(k) plan and the traditional pension plan, known as a defined benefit plan.
A retirement plan is an employee benefit plan established or maintained by an employer, an employee organization (such as a union), or both, that provides retirement income or defers income until termination of covered employment or beyond. A number of retirement plans are available, including the 401(k) plan and the traditional pension plan, known as a defined benefit plan.