Ian is the human resource manager of a one-year-old technology company.The founder wants him to set up a retirement plan.Ian thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars.Which statement best supports Ian's idea?
A) The plan makes employees part-owners of the company.
B) The Pension Benefit Guarantee Corporation will guarantee a basic benefit.
C) Employees can buy an annuity with the contributions when they retire.
D) The amount employees contribute is not taxed when they contribute it.
E) Contributing a share of profits gives the company more flexibility as it establishes itself.
Correct Answer:
Verified
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