In a defined contribution pension plan, the employer bears all of the fund's investment performance risk.
A retirement savings plan, such as a 401(k) plan, that does not promise a specific payment upon retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account.
The employee bears the investment risks.
Investment management refers to the handling of financial assets and other investments—not only buying and selling them.
Management includes devising a short- or long-term strategy for acquiring and disposing of portfolio holdings.
It can also include banking, budgeting, and tax services and duties, as well.
Learn more about investment management here:
