saying something can only go to a certain extent while taking action from the words that your saying can be louder and more powerful than anything your saying.
Defined contribution plans are funded primarily by the employee, called the participant, with the employer matching contributions to a certain amount. The most common type of defined contribution plan, which many people are familiar with, is a 401(k) plan. A participant may elect to defer a portion of his gross salary via a pretax payroll deduction to the plan, and the company matches according to its summary plan description, or SPD.
A contribution is money that an IRA account holder (and/or their employer, in the case of an employer-sponsored plan) puts into their IRA. Each plan type has an annual contribution limit and a date by which the contribution must be made; in addition to certain requirements that must be met in order to contribute.