Question: A ( n ) _ _ _ _ _ _ _ is a pension plan in which the employer specifies where the money will be

(

)_______

is a pension plan in which the employer specifies where the money will be deposited and often gives the employee the power to decide how the money will be invested, with the retirement income being a function of how well money put into the plan was invested.

noncontributory pension plan

defined contribution plan

individual retirement account

deposit specification account

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

4. Match the brief definitions with the terms. 1. Non-contributory pension The interest rate used by the actuary to adjust for the plan time value of money 2. Accumulated benefit Resources related to...

8. Whicb one of the following is probably the leart effective approach to improving retention? a. careful selection of ermployees b. minimizing cmployec feedback c. encournging workers to pursue work...

In your grandparents' generation, workers often stayed with one firm for the majority of their career and companies typically offered workers a Defined Benefit (DB) pension plan. With a DB plan, the...

Q1. review case study #1 Understanding Your Employee Benefits: Investing in your Retirement found on page 123 of your textbook. Please post your answers to the two questions found at the end of the...

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

Question 1.Which of the following plans provide the greatest immediate tax benefit for the participating employee? (1) Roth IRA (2) deductible IRA (3) non-deductible IRA (4) 401(k) a. (1) and (3)...

Pretty simple just answer the questions below its only 2 of them attached are the reference materials you'll need to site apa style format from Chapter 11: 11.2 #2 (p. 276) Also answer this question...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

Consider two bodies of identical mass m and specific heat c used as thermal reservoirs (source and sink) for a heat engine. The first body is initially at an absolute temperature T1 while the second...

3. A 3-o 4-wire ABC system with the line voltage VBC = 294.2/0 V has a Y-connected unbalanced load of ZA = 15/0 N, ZB = 15/0 N and Zc = 10/ 30. Obtain the following: (a) all the line currents. (b)...

Which of the following items cannot be found on a firm's balance sheet under current liabilities? Acerved payroll taxes. Accountry payable. Short - term notes payable to the bank. Acerved waper Cont...

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...