Which of the following characteristics is not a characteristic of a cash balance plan?
A)Similar in many aspects to a defined benefit plan.
B)Employee bears the investment risk and rewards.
C)Establishes allocations to individual employee accounts.
D)Payout depends on how much builds up over time in the employee's individual account.
E)None of the above.

Question

Quizplus · Accepted Answer

In a cash balance plan, the employer bears the investment risk and rewards, not the employee.

Which of the Following Characteristics Is Not a Characteristic of a Cash