Marcia works for Telephonic Industries and participates in its thrift and savings plan.For every $1.00 Marcia contributes to the plan,up to 4 percent of her salary,the company contributes $0.50.Which of the following accurately describe this plan?
A) It's a defined benefit plan.
B) It's a non-contributory plan.
C) It's a cash-balance plan.
D) It's a matching plan.
E) It's a profit-sharing plan
Correct Answer:
Verified
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