Feel like you're leaving money on the table when it comes to your retirement savings? Make the most of your options with our free guide to employer-sponsored plans
Today, there are basically two types of categories for employer sponsored plans. The first is defined benefit which offers a specified payment at retirement, such as pension plans. The other type is defined contribution, which allows employees and employers to contribute tax deferred funds as well as invest them, such as with 401(k) or 403(b) plans, employee stock ownership plans (ESOPs), profit-sharing plans, and a simplified employee pension plans (SEP).
To help you understand the options, we’ve developed this guide to employer-sponsored plans so you can easily understand the different options, pros and cons. Topics covered in this guide include: