Question: 15 Generally, if an employer offers a defined contribution plan, the employer's contribution is only a promise to pay a future benefit upon retirement, so

15 Generally, if an employer offers a defined contribution plan, the employer's contribution is only a promise to pay a future benefit upon retirement, so no contribution is necessary until the employee retires a percentage of the employee's salary and is contributed to an employee's individual account included in the employee's regular monthly compensation for the employee to invest set as a flat dollar amount for all employees and is contributed to an employee's individual account 2 pts

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