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Retirement Plans and ERISA

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How can I distinguish around various types of retirement plans? What are the requirements of ERISA that plan sponsors must fulfill?

What is the difference between defined contribution and defined benefit retirement plans?

What are differences between 401(k) and 401(b) plans?

What are the fiduciary responsibility imposed from ERISA?

What are the non-discrimination rules imposed by ERISA?

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Solution Summary

By responding to the questions, this solution distinguishes between characteristics of various types of retirement plans, as well as the requirements of ERISA that plan sponsors must fulfill.