| Corporate Retirement Plan Options |
| 401(k) Plans |
- Funded by employee contributions as percent of salary
- Pre-tax salary deferrals
- Optional company matching
- Loans and hardship withdrawals allowed
- Participant-directed investments
|
| Profit Sharing |
- Company contribution as a percentage of salary
- Percentage determined annually by your company
- Participant-directed or trustee-managed investments
|
| Defined Benefit Plans |
- Higher funding for older workers
- Determinable employee benefit at retirement
- Entirely company funded
- Fixed funding commitment
|
| Money Purchase Pension Plan |
- Fixed employer contribution allocated as percentage of salary
- Individual accounts for employees
- Participant-directed or trustee-directed investments
|
| Employee Stock Ownership (ESOP) Plans |
- Discretionary employer contributions
- Funded with employer stock
- Leveraged or unleveraged
|
| 403-b |
- Available to some nonprofit organizations, public schools, and hospitals
- Funded by employee contributions as a percentage of pay
- Participant-Directed Investments
|
