RST Company offers a qualified retirement plan.Each employee contributes 4 percent of his or her pretax income to the plan,and RST matches each employee's contribution.An employee's benefit at retirement is determined by his or her account balance at the time of retirement.What type of retirement plan does RST offer?

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RST Company offers a defined contribution money purchase plan where each employee contributes a fixed percentage of their pretax income, and RST matches each contribution. The employee's benefit at retirement will be determined by the amount of money in their account.

RST Company Offers a Qualified Retirement Plan