1. Which of the following describes a benefit plan for employees where the benefit/payments to (retired) employees are d
Posted: Mon Apr 25, 2022 7:26 am
1. Which of the following describes a benefit plan for employees
where the benefit/payments to (retired)
employees are determined by the plan, employer contribution varies
(determined by actuaries),and the
risk is borne by the employer in that it must make sure that enough
plan assets are allocated to cover
eventual pension obligations?
A) Defined-contribution plan
B) Defined-benefits plan
C) Defined-tax plan
D) Defined-investment-balance plan
2. 401(k) plans and 403b plans are examples of which type of
plan?
A) Defined-contribution plan
B) Defined-benefits plan
C) Defined-tax plan
D) Defined-investment-balance plan
where the benefit/payments to (retired)
employees are determined by the plan, employer contribution varies
(determined by actuaries),and the
risk is borne by the employer in that it must make sure that enough
plan assets are allocated to cover
eventual pension obligations?
A) Defined-contribution plan
B) Defined-benefits plan
C) Defined-tax plan
D) Defined-investment-balance plan
2. 401(k) plans and 403b plans are examples of which type of
plan?
A) Defined-contribution plan
B) Defined-benefits plan
C) Defined-tax plan
D) Defined-investment-balance plan