A(n) ________ plan is a type of defined-benefit pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest. The investment performance of the fund does not affect the final benefits to be received by the participant upon retirement.
A) employee stock ownership
B) cash balance
C) tax-deferred 401(k)
D) fixed contribution
Correct Answer:
Verified
Q7: Under a(n) _, the employer makes a
Q8: What is a pension?
A) compensation given to
Q9: Generally, in the case of vesting, nonforfeitable
Q10: A wage employment guarantee refers to a
Q11: The worker's compensation benefit is designed to
Q13: Which of the following statements is TRUE
Q14: The conveying of employees’ nonforfeitable rights to
Q15: The Pension Benefit Guarantee Corporation (PBGC) was
Q16: A qualified plan generally refers to a
Q17: In a contributory plan, _.
A) the employer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents