RST Company offers a qualified retirement plan.Each employee contributes 4 percent of his or her pretax income to the plan,and RST matches the 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 offers a defined contribution plan, as each employee's benefit is determined by their account balance, which is based on their own contributions and RST's matching contributions. This is in contrast to a defined benefit plan, where the benefit is based on a formula that typically takes into account an employee's years of service and salary.

RST Company Offers a Qualified Retirement Plan