What type of plan provides benefits not based on employer profits?

A Defined Benefit Plan is a type of retirement plan in which benefits are predetermined based on a formula that typically considers factors such as salary history and duration of employment, rather than the company's profits. This structure ensures that employees receive a specific amount upon retirement, independent of market fluctuations or the employer's financial performance.

In contrast to a Defined Benefit Plan, a Defined Contribution Plan ties the benefits to individual or company contributions, often influenced by employee performance and market conditions. Health Savings Accounts and Standard Insurance Plans serve different purposes related to healthcare and do not function primarily as retirement plans like the Defined Benefit Plan. The key distinguishing feature of the Defined Benefit Plan is its commitment to providing stable, predictable retirement benefits based on a set formula rather than an employer's profitability.