Question: Which of these is CORRECT regarding defined contribution plans? A ) Annual plan additions include employee deferrals, forfeitures, employer contributions, and catch - up contributions.
Which of these is CORRECT regarding defined contribution plans?
A
Annual plan additions include employee deferrals, forfeitures, employer contributions, and catchup contributions.
B
The retirement benefit is not certain; investment risk is borne by the participant.
C
Plan forfeitures must only be reallocated to remaining participants.
D
The employer contribution limit is offset by investment earnings.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
