Match the descriptions with their terms:
-_________________ keep the pension funds in trust for a group of employees and at retirement the pension often is paid from the general fund.
A) 401(k) plan
B) Allocated plans
C) defined benefit plan
D) defined contribution plan
E) Keogh plans
F) lump-sum distribution option
G) Mandatory retirement age
H) normal retirement age
I) Permitted disparity
J) Qualified plans
K) rollover
L) Section 403(b) plans
M) Unallocated plans
Correct Answer:
Verified
Q22: Match the descriptions with their terms:
-_ must
Q23: Match the descriptions with their terms:
-Although prior
Q24: Match the descriptions with their terms:
-A/An _
Q25: Match the descriptions with their terms:
-Retirement plans
Q26: Match the descriptions with their terms:
-By exercising
Q28: Match the descriptions with their terms:
-A/An _
Q29: Dr. William Fleming, Sr. turned 62 in
Q30: The ability of employers to take an
Q31: A plan that is typically funded with
Q32: Retirement plans that are designed for use
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