401(k) Incorrectly Defined

In an article about the Nov. 18 Washtenaw County Board of Commissioners meeting, we incorrectly described the 401(k) as a defined benefit plan. It is a defined contribution plan. Additionally, the transfer of most county employees from the Money Purchase Pension Plan to the Washtenaw County Employees’ Retirement System has occurred over the last year. We note the errors here, and have corrected the original article.