This website uses cookies to ensure you get the best experience on our website. Privacy Policy OK

Defined Benefit Vs. Defined Contribution Plans

| See more in Finance

Quick quiz for discerning the differences between DC and DB plans.

Created Date 04.01.20
Last Updated 04.01.20
Viewed 1 Times
Your browser doesn't support HTML5. System.Collections.Generic.List`1[System.String] System.Collections.Generic.List`1[System.String]
submit to reddit

Would you like to build your own game?

It's easy!

Go to the GameBuilder and get started!

Topics of this game:
  • Which plan can only be sponsored by an employer and can not be opened by an individual?
  • Which plan always allows, under any circumstance, a lump sum distribution of the money after termination?
  • In which plan does the EMPLOYER have final say in how the money is invested?
  • In which plan is an annuity the most common form of payment?
  • In which plans are loans are most likely to be offered as an option?
  • In this plan, as long as the company is solvent, the investment performance does not affect the employees retirement benefit value.
  • In this plan, you may need to meet age and service requirements before accessing the funds.
  • In this plan the employee decides what securities (mutual funds and stocks) to invest in.
  • In this plan, the benefit is limited by IRS calculation parameters.
  • This type of plan has annual contribution limits for employees and employers set by the IRS.