Which of the following refers to a plan in which employees contribute a portion of their earnings to a fund and the employer typically matches the contribution in whole or part?
A)group investment plan
B)401(k)plan
C)deferred profit-sharing plan
D)employee stock ownership plan

Question

Quizplus · Accepted Answer

B)In any savings and thrift plan, employees contribute a portion of their earnings to a fund, and the employer usually matches this contribution completely or in part. The 401(k)plan is one example of a savings and thrift plan.

Which of the Following Refers to a Plan in Which