The Ellerbe Corporation provides a retirement plan where it sets up an individual account for each employee
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Question:
The Ellerbe Corporation provides a retirement plan where it sets up an individual account for each employee and the corporational one contributes a percentage of the employee’s salary to their retirement accounts on an ongoing basis. This is an example of a
a. section 401(k) plan.
b. protected benefit plan.
c. money purchase plan.
d. secure contribution plan.
e. cash balance plan.
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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