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Briefly explain the difference between leading,coincident,and lagging indicators.
Defined Contribution Pension Plan
A retirement plan where an employer, employee or both make contributions, with future benefits dependent on investment performance.
IRS Approved
Indicates that a financial arrangement or practice has been sanctioned or recognized by the Internal Revenue Service.
Defined Benefit Pension Plan
A retirement plan where employee benefits are calculated on a formula including salary history and duration of employment, with the employer bearing investment risk.
Pension Plan Asset
The resources set aside to meet future pension obligations, including investments and other assets.
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