Which of the following is true about cash balance plans? I. Past service credit is available. II.
Question:
Which of the following is true about cash balance plans?
I. Past service credit is available.
II. Employer guarantees a minimum rate of return.
III. Participants direct investments in hypothetical accounts.
IV. Forfeitures are used to reduce employer contributions.
A. I, IV.
B. I, II, IV.
C. II, III, IV.
D. III, IV.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
Question Posted: