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Defined-contribution (DC) retirement plans allow employees to invest pre-tax dollars in the [capital markets] where they can grow tax-deferred until retirement. Simpler Explained: A defined [contribution] plan is a common workplace [retirement plan] in which an employee contributes money and the employer typically makes a matching contribution Essentially, they are retirement plans that companies may offer as a benefit in which you, your employer or both make contributions on a regular basis.
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