(Table: Retirement Plans for Four Companies) Given the information in the table, which company's retirement plan would provide the smallest employer match to an employee who retires after 6 years of employment? $$\begin{array} { | l | l | l | l | l | }
\hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \
\hline \text { Maximum employer match } & 5 \% \text { of salary } & 4 \% \text { of salary } & 6 \% \text { of salary } & 5 \% \text { of salary } \
\hline \text { Interest rate on savings } & 5 \% & 5 \% & 6 \% & 6 \% \
\hline \text { Salary } & 580,000 & \$ 90,000 & \$ 70,000 & \$ 75,000 \
\hline \text { Years of service to become } & 5 & 8 & 5 & 4 \
\text { vested } & & & & \
\hline
\end{array}$$
A) Company A
B) Company B
C) Company C
D) Company D

Question

(Table: Retirement Plans for Four Companies) Given the information in the table, which company's retirement plan would provide the smallest employer match to an employee who retires after 6 years of employment? $$\begin{array} { | l | l | l | l | l | } 
\hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \
\hline \text { Maximum employer match } & 5 \% \text { of salary } & 4 \% \text { of salary } & 6 \% \text { of salary } & 5 \% \text { of salary } \
\hline \text { Interest rate on savings } & 5 \% & 5 \% & 6 \% & 6 \% \
\hline \text { Salary } & 580,000 & \$ 90,000 & \$ 70,000 & \$ 75,000 \
\hline \text { Years of service to become } & 5 & 8 & 5 & 4 \
\text { vested } & & & & \
\hline
\end{array}$$
A) Company A
B) Company B
C) Company C
D) Company D

Quizplus · Accepted Answer

Company B provides the smallest employer match at 4% of salary, compared to the other companies which offer 5% or 6%.

(Table: Retirement Plans for Four Companies) Given the Information in the Table