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Match the Descriptions with Their Terms

Question 28

Multiple Choice

Match the descriptions with their terms:
-A/An _________________ specifies the amount that the employer will contribute to the plan, with the exact amount of retirement benefit to be paid left undetermined until each employee retires.


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:

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