Which of the following characteristics is not a characteristic of a stock bonus plan?
A)Can be in the form of a defined benefit plan.
B)Contributions need not be dependent on employer's profits.
C)Exempt from funding requirements.
D)Not subject to plan termination insurance.
E)None of these.

Question

Quizplus · Accepted Answer

A stock bonus plan typically involves allocation of shares of company stock to employees as a form of incentive or retirement benefit, but it is not typically structured as a defined benefit plan. The other characteristics listed are common features of stock bonus plans.

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