The employer contributes retirement account such as contributions to defined contributions plans like 401(k) plans.
Retirement funds, also known as pension funds, are investment options that allow a person to save a portion of his or her retirement income.
These funds provide a standard source of income after retirement; a retiree receives a pension from his investment until his death.
Thus, The employer contributes retirement account such as contributions to defined contributions plans like 401(k) plans.
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