Marcia works for Telephonic Industries and participates in its supplemental retirement plan. Last year, the firm did not earn a profit. Therefore, it did not contribute to the supplemental retirement plan. This plan is a(n) :
A) defined benefit plan.
B) noncontributory plan.
C) SEP plan.
D) profit-sharing plan.
E) Keogh plan.
Correct Answer:
Verified
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