What is a defined contribution pension (DC) plan?

A defined contribution pension (DC) plan is a pension scheme in which participants themselves invest contributions paid for them based on their own judgement. Future benefits are dependent on the t... Show Detail

What is the difference between a corporate-type DC and an individual-type DC (iDeCo)?

A corporate-type DC is a corporate pension plan introduced by a company as a part of its benefit programs while an individual-type DC (iDeCo) is a self-help scheme for building assets for post-work... Show Detail

Can I withdraw my pension assets when I leave my company?

The defined contribution pension plan is a pension scheme stipulated by law for the purpose of stabilizing your life in retirement, therefore, in principle, pension assets cannot be withdrawn until... Show Detail

When I change jobs and transfer my assets to a new defined contribution pension plan, can I keep investing in the same investment products without them being...

When you take rollover procedures, the investment products you hold will be sold and converted to cash, and the investment products of the new plan will be purchased. It is not possible to transfer... Show Detail

What procedures are required when a participant dies?

The bereaved family needs to file a claim for a lump-sum death benefit in writing. The bereaved family is requested to contact the AnswerCenter. (Link) (Please have the deceased's basic pension n... Show Detail

Can I check on the AnswerNet whether I am enrolled in an individual-type DC (iDeCo) or a corporate-type DC?

You can see it on the AnswerNet. ● AnswerNet Login (Link) ＜How to find "DC Plan Informatuin"＞ Log in to the AnswerNet ＞ Click on the “Participant Main Page" tab ＞ Click on "Confirm/Change Pa... Show Detail

Who pays contributions?

It depends on whether it is a corporate-type DC or an individual-type DC (iDeCo). ＜Corporate-type DC＞ The company (*1) pays contributions. Some DC plans may require participants to make contri... Show Detail

If an investment product provider goes bankrupt, what happens to the pension assets I have accumulated?

Asset protection varies depending on the investment product. (1) Bank deposits　　　 The deposit insurance system protects the principal up to 10 million yen including ordinary deposits plus its... Show Detail

If my company goes bankrupt, what happens to the pension assets I have accumulated?

Pension assets are managed by an asset administrator such as a trust bank and are kept separate from the company assets. Even if your company goes bankrupt, the pension assets you have accumulated ... Show Detail

Does Sompo Japan DC Securities offer NISA (tax exemption scheme for small investment)?

Sompo Japan DC Securities does not offer the "tax exemption scheme for small investment (NISA)". 　　 An individual-type DC (iDeCo) is offered by Sompo Japan DC Securities. For information on Somp... Show Detail