In which of the following is the retirement plan contribution for the employee dependent on the financial success of the employer?

Question

Quizplus · Accepted Answer

In a profit-sharing retirement plan, the employer's contribution to the plan is dependent on the company's profits. Therefore, the employee's retirement plan contribution is also linked to the financial success of the employer. In other words, if the company has a good year and makes a profit, the employee's retirement contribution would be higher, and vice versa.

In Which of the Following Is the Retirement Plan Contribution