A(n)________ allows employers to contribute to the employee's retirement plan on the basis of company performance.
A) individual retirement account
B) simplified employee pension plan
C) profit-sharing Keogh plan
D) defined contribution plan

Question

Quizplus · Accepted Answer

A profit-sharing Keogh plan is a type of retirement plan in which an employer contributes a percentage of the company's profits to an employee's retirement account. This type of plan allows for more flexibility in employer contributions, as they are not required to contribute a set amount each year.

A(n)________ Allows Employers to Contribute to the Employee's Retirement Plan