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2. A complete guide to 401(k) retirement plans: What is a ... - AOL

   www.aol.com/finance/complete-guide-401-k...

   Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

3. Did 401(k)s Replace Pension Plans? (& Which Is Better ... - AOL

   www.aol.com/did-401-k-replace-pension-105700511.html

   A pension plan is a different kind of retirement savings plan in which a company sets money aside to give to future retirees. Over the past few decades, defined-contribution plans like the 401 (k ...

4. What's the difference between a pension and a 401k? - AOL

   www.aol.com/whats-difference-between-pension-401...

   Here's a look at the difference between a pension and a 401(k) plan -- often referred to as a defined benefit plan and a defined contribution plan. ... Grab all available company matching dollars: ...

5. Employer matching program - Wikipedia

   en.wikipedia.org/wiki/Employer_Matching_Program

   An employee's 401 (k) plan is a retirement savings plan. The option of an employer matching program varies from company to company. It is not mandatory for a company to offer a contribution to their 401 (k) plans. Contributions may benefit the company in various ways: as an employee benefit to attract and retain employees, as a business tax ...

6. 401(k) - Wikipedia

   en.wikipedia.org/wiki/401(k)

   In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401 (k) plans ...

7. Pensions in Germany - Wikipedia

   en.wikipedia.org/wiki/Pensions_in_Germany

   The German pension insurance agency publishes the value of each year’s contribution (remuneration point). This is then multiplied by the number of years contributed and the percentage of the average salary earned during the person's lifetime. The average pension in 2012 was €1,263.15 per month.