Actions may not actually speak louder than words but they do prove things better. Like the saying, A picture is worth a thousand words. an action shows that someone is genuiâ¦ne. Someone may say that they will help the hungry people of the world, but when they actually get out there and feed them, we believe it.
Defined Contribution Plan is a retirement plan in which the employee and/or the employer contribute to the employeeâs individual account under the plan. The amount in the account at distribution includes the contributions and investment gains or losses, minus any investment and administrative fees.
DEFINITION of 'IRA Plan'. A plan that individuals may establish to arrange and plan for retirement. Generally, an IRA plan allows you to save money and defer taxes until you retire. IRA plans have annual contribution limits that are established by the government and rise gradually with inflation; individuals age 50 and older can make slightly higher catch-up contributions. Next Up.