Question: How is an age - weighted profit - sharing plan similar to a traditional defined benefit plan? Group of answer choices Minimum vesting schedules are
How is an ageweighted profitsharing plan similar to a traditional defined benefit plan?
Group of answer choices
Minimum vesting schedules are more liberal than in other types of plans.
Contribution allocations to older participants will be enhanced, while allocations to younger participants will be reduced.
Retirement benefits are determined by the participant's final account balance.
Employer contributions are flexible from one year to another and, if resources are not available, the employer may choose not to contribute to the plan.
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