Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Retirement Planning

Target Benefit Plan Definition

A target benefit plan is a type of retirement plan where employers are obligated to make regular contributions to their employees' retirement accounts. This plan places the responsibility of investment performance on the employee, while the employer is required to contribute a certain amount to reach a predetermined payout goal. This amount is calculated based on the employer's projections of investment performance and the employee's age. Unlike a money purchase plan, older employees will receive larger contributions due to their shorter time until retirement. However, unlike a defined benefit plan, the final outcome is not guaranteed. This structure gives employees some control over their investments while also providing a level of financial security.
Explore other categories
All terms and concepts related to the use, features, and management of payment cards allowing users
Learn More
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
Learn More
All terms and concepts related to insurance, which is a financial arrangement that provides protecti
Learn More
Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
Learn More
All terms & concepts related to financial contracts whose value is based on an underlying asset,
Learn More
All terms related to the system of money in general use in a particular country, representing a medi
Learn More
All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m
Learn More
All terms and concepts related to technical analysis in finance, which involves using historical pri
Learn More
All terms and concepts related to the placement of money in a bank account, including savings accoun
Learn More
Trading Terms encompass terminology and phrases commonly used in financial markets, including terms
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link