See also: action, speak, word. something that you say which means that what you do is more important than what you say Of course the government have made all sorts of promises but as we all know, actions speak louder than words. See also: Action, speak, word.
defined contribution plan. A company retirement plan, such as a 401(k) plan or 403(b) plan, in which the employee elects to defer some amount of his/her salary into the plan and bears the investment risk.
A 401(k) is an employer-sponsored defined contribution plan, which means that your employer contributes a set amount (if they contribute). Tax Benefits: (Now) Your contributions are generally made with pre-tax dollars, and you don't pay taxes until you withdraw funds (take distributions).