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Compare and contrast Pension Plans vs. Profit-sharing plans. 1. What is true about both because they are both Qualified plans? 2. How do they differ

Compare and contrast Pension Plans vs. Profit-sharing plans.

1. What is true about both because they are both Qualified plans?

2. How do they differ from one another? Please be clear when going over Pension plans that some are Defined Benefit Plans and some are Defined Contribution Plans. What does this mean

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