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Glossary > T > "Target Benefit Plan" Definition

Target Benefit Plan

A benefit plan that is similar to a defined benefit plan in design in that contributions are based on projected retirement benefits. However, unlike a defined benefit plan, the benefits provided to participants at retirement are based on the performance of the investments, and therefore are not guaranteed.

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Target Benefit Plan - A benefit plan that is similar to a defined benefit plan in design in that contributions are based on projected retirement benefits. However, unlike a defined benefit plan, the benefits provided to participants at retirement are based on the performance of the investments, and therefore are not guaranteed.

Target Benefit Plan : a benefit plan that is similar to a defined benefit plan in design in that contributions are based on projected retirement benefits. however, unlike a defined benefit plan, the benefits provided to participants at retirement are based on the performance of the investments, and therefore are not guaranteed.