Vesting refers to
A) how long until an employee owns any employer contributions to the employee's pension plan.
B) how long until an employee can transfer any of their own contributions to a new plan if they switch jobs.
C) eligibility requirements to retire early.
D) restrictions on asset allocations within a defined contribution plan.
E) the extent to which an employee materially participated in a given business in a given year. The book uses the word vesting in a different manner to refer to the time until one is eligible to receive any pension benefits.
Correct Answer:
Verified
Q5: There are now Roth versions of 401(k)plans
Q21: You want to have $1,200,000 when you
Q22: The main advantage of a profit sharing
Q24: Employee plus employer contributions to a 401(k)
Q26: An employee contributes 6% of her salary
Q28: A defined benefit pension plan has expected
Q29: A retirement account specifically designed for self-employed
Q29: An employee who has worked for his
Q38: Which of the following is/are true about
Q40: Under ERISA,pension fund managers are required to
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