Question: A profit sharing plan is a group-based incentive plan in which a company contribute shares of its stock to a trust set up for its

A profit sharing plan is a group-based incentive plan in which a company contribute shares of its stock to a trust set up for its employees.

Question 1 options:

True

False

A stock option plan is a group-based incentive plan in which the incentive money paid to an employee is put into a retirement account for that employee.

Question 5 options:

True
False

One standard for retirement benefits is ______ vesting, where an employee becomes fully vested when they have three years of service.

Question 10 options:

graded

phase-in

cliff

treo

An exclusive provider organization (EPO) is an alternative health care plan that lets employees choose a higher deductible or other more expensive alternatives, put money into a savings plan, and choose their health care providers.

Question 15 options:

True
False

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