Question: questions themselves. A 4 0 1 ( k ) pension plan is set up as one where the employee makes systematic contributions to an individualized

questions themselves.

401 (k)

pension plan is set up as one where the employee makes systematic contributions to an individualized fund, possibly matched to some extent by the employer. Identify this as a defined contribution or a defined benefit pension plan. What is one advantage of such a plan for an employee?

(2

points

)

questions themselves. A 401(k) pension plan is set up as one

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