Your client, the chief financial officer of a new company, wishes to install a retirement plan in

Question:

Your client, the chief financial officer of a new company, wishes to install a retirement plan in the company in which the pension benefits to employees are guaranteed by the Pension Benefit Guarantee (PBGC). Identify the plan(s) below that must meet this requirement.
1. Profit-sharing plan.
2. Money purchase plan.
3. Target benefit plan.
4. Defined benefit plan.
a. (1) and (2) only
b. (2) and (3) only
c. (1) only
d. (3) and (4) only
e. (4) only
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...