A positive aspect of defined-benefit plans is that
A) they are more transferable than defined-contribution plans.
B) they generally permit earlier vesting than defined-contribution plans.
C) the funds are out of reach of corporate creditors.
D) there is more certainty about the amount of the benefit than with defined-contribution plans.
Correct Answer:
Verified
Q191: The type of employer retirement plan in
Q192: The best-known defined-contribution plan is the
A)401(k) plan.
B)403(b)
Q193: One's take-home pay is reduced during the
Q194: At a minimum you should contribute enough
Q195: A positive aspect of defined-benefit plans is
Q197: People who have delayed planning for retirement
Q198: The process by which employees obtain nonforfeitable
Q199: In _ plans,employees control the assets in
Q200: The maximum amount of income the typical
Q201: Baxter is a office manager who works
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