I don't want to ask the Mck recruiter more questions. Can someone explain the differences in the Profit Sharing Retirement Plan and the Money Purchase Pension Plan? Does Mck contribute to both?

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Don’t hesitate to ask the recruiter. It’s their job, it’s a question they likely have an efficient and clear (and correct) answer to, and the questions you ask have nothing to do with your probability of getting hired (as long as you’re professional and polite).

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Just from the names and knowing nothing more, one seems to be a defined contribution plan, while the other is a cash balance defined benefit plan. Meaning..in the 1st one, both you and the employer put money into it, but you bear the investment risk. In the 2nd one, only employer contributes and they bear the investment risk, but because it is a cash balance plan, once you vest and decide to leave, you get that balance paid out. Hope this helps just a tad bit!!

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