What is an investment product provider?

It refers to a financial institution that provides financial products (investment products) to invest contributions made in a defined contribution pension plan. It includes banks, securities firms,... Show Detail

What is a participant?

A participant refers to those who make contributions and give investment instructions. Those who do not make contributions but only give investment instructions for pension assets are referred t... Show Detail

If a plan administrator goes bankrupt, what happens to the pension assets I have accumulated?

In a corporate-type DC, assets are managed by an asset administrator, and in an individual-type DC (iDeCo), they are managed by the National Pension Fund Association, so even if a plan administrato... Show Detail

If an asset administrator (financial institution providing administrative services) goes bankrupt, what happens to the pension assets I have accumulated?

As an asset administrator manages pension assets separately from the assets of the asset administrator itself, so even if an asset administrator goes bankrupt, the pension assets you have accumulat... Show Detail

What is the voluntary participation system of the National Pension?

If you do not meet the eligibility requirements to receive the Old-age Basic Pension by the age of 60, or if you cannot receive the full amount of Old-age Basic Pension due to less than 40 years of... Show Detail

What is a plan administrator?

It refers to an institution that manages defined contribution pension plans. (1) Record Keeping Services: a plan administrator records and keeps information related to participants and investmen... Show Detail

What is an asset administrator?

It refers to an institution that manages the DC assets of participants, etc. (participants and investment instructors). An asset administrator receives contributions, purchases and sells investment... Show Detail

Does “DC Participation History” in the Account Statement mean the total period enrolled in the defined contribution pension plans up to date?

If you have transferred your assets from the previous plan, your assets and period are transferred and shown as the total period. Information of the previous plan may not be reflected immediatel... Show Detail

What is portability?

In a defined contribution pension plan, portability refers to transferring assets. When you lose participant eligibility in a corporate-type defined contribution pension plan, you can transfer y... Show Detail

Are there any fees for an individual-type DC (iDeCo) account?

Fees are charged. The main fees are as follows (1) Account opening fee (first time only): deducted from initial contribution or rollover assets from other pension plans (2) Account management f... Show Detail