Question: In your own words (no direct quotes), clarify the difference between qualified and non qualified retirement benefit plans. In your own words (no direct quotes),clarify

  1. In your own words (no direct quotes), clarify the difference between qualified and non qualified retirement benefit plans.
  2. In your own words (no direct quotes),clarify the difference between defined benefit and defined contribution plans.
  3. In your opinion,does one retirement plan serve to protect the retirement interests of participants than the others?Why?
  4. Would you prefer a defined benefit plan or a defined contribution plan? Why?

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