Which of the following is the type of employer-sponsored pension plan preferred by younger, shorter service employees?

Question

Quizplus · Accepted Answer

Younger, shorter service employees may prefer a defined-contribution plan because it allows them to contribute to their account and potentially receive matching contributions from their employer, while also having control over their retirement savings. This type of plan may also provide more flexibility for employees who may not plan to stay with the same employer for their entire career.

Which of the Following Is the Type of Employer-Sponsored Pension