What is another word for employee savings plan?
Pronunciation: [ɛmplˈɔ͡ɪiː sˈe͡ɪvɪŋz plˈan] (IPA) 
An employee savings plan is a type of retirement plan that allows employees to contribute a portion of their income to a fund that is used to save for their future retirement. Some synonyms for an employee savings plan might include a retirement savings plan, a defined contribution plan, a 401(k) plan, or a pension plan. These terms are all commonly used in the finance industry and generally refer to similar types of plans that allow employees to save money for their retirement years. Regardless of the terminology used, employee savings plans are an important component of a comprehensive benefits program that many employers offer to help attract and retain top talent.
