Which retirement plan does NOT involve individuals managing their accounts by choosing the preferred risk-level of invested assets?
A) employer-sponsored 401(k)
B) IRAs
C) 403(b) plans
D) employer-provided pension plans

Question

Quizplus · Accepted Answer

Employer-provided pension plans are typically defined benefit plans where the employer manages the investments and guarantees a specific retirement benefit, unlike the other options where individuals manage their accounts.

Which Retirement Plan Does NOT Involve Individuals Managing Their Accounts