Question: A major difference between a defined benefit plan and a defined contribution plan is: employees have more risk in a defined benefit plan. employers have
A major difference between a defined benefit plan and a defined contribution plan is:
employees have more risk in a defined benefit plan.
employers have less risk with a defined contribution plan.
employees are typically vested in five years in a defined benefit plan.
employees are typically vested in five years in a defined contribution plan.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
