A defined contribution plan, such as a 401(k), gives the employee the power to decide how to invest their money within the funds offered in the plan.

Name: A defined contribution plan, such as a 401(k), gives the employee the power to decide how to invest their money within the funds offered in the plan.
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Question

Quizplus · Accepted Answer

This is true. With a defined contribution plan, the employee can choose how to invest their money from the available investment options within the plan.

A Defined Contribution Plan, Such as a 401(k), Gives the Employee