What is a contractual savings institution

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Reference no: EM131304573

1. What is a contractual savings institution? In what ways are contractual savings institutions similar to commercial banks? In what ways are they different?

2. What is a pension fund? What is the difference between a defined contribution pension plan and a defined benefit plan?

3. What is a 401(k) plan? What benefits do employees receive from saving for retirement using a 401(k) plan?

Reference no: EM131304573

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