What Your Company Sponsored Retirement Plan Tells You About You
Most companies offer a retirement plan and if you are smart you are participating. Company sponsored plans are always a good deal. There are three types of company sponsored plan. There is the defined benefit plan, the defined contribution plan, and the group RRSP plan. The defined benefit plan is rarely offered to non-governmental and non-quasi-governmental (teachers, nurses, etc.) employees. The defined contribution plan and the group RRSP plan are prevalent in the priva