In a ________ plan,the employer puts in a specific amount and employees may contribute additional funds.Payout depends on the success of the investments in the retirement plan.
A) pension
B) defined contribution
C) portable benefit
D) defined benefit

Question

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This describes a defined contribution plan, where the employer contributes a specific amount but employees can add more and the payout is based on investment success. A pension (A) typically guarantees a set retirement benefit based on salary and years of service. A portable benefit (C) is a type of benefit that can be transferred from job to job, but does not describe the specific type of retirement plan. A defined benefit plan (D) guarantees a specific benefit at retirement based on a formula, regardless of investment success.

In a ________ Plan,the Employer Puts in a Specific Amount