Which of the following types of retirement plans is becoming less common?
A)A traditional defined contribution plan
B)A traditional defined benefit plan
C)A cash balance plan
D)A 401(k)plan
E)A Keogh plan

Question

Quizplus · Accepted Answer

Defined benefit plans are becoming less common as they are expensive for employers to maintain and require more funding to meet pension obligations. Many employers have transitioned to defined contribution plans such as 401(k) plans instead.

Which of the Following Types of Retirement Plans Is Becoming