In a __________ plan, employees may choose __________.

Question

Quizplus · Accepted Answer

In a defined contribution plan, employees have control over the investments of their contributions. They can choose the assets they invest in, which can include stocks, mutual funds, and bonds. In contrast, in a defined benefit plan, the employer promises to pay a specific retirement benefit to employees based on a predetermined formula, and the employee does not have control over the investments or the benefit amount. Therefore, option C is the correct choice.

In a __________ Plan, Employees May Choose __________

In a Plan, Employees May Choose