Which of the Following Describes a Defined Contribution Plan
Which of the following describes a defined contribution plan. Generally set up to defer income for executives and highly compensated employees but not other employees. Plan Do Study Act Template Unique 43 Best Pdca Images On Pinterest Business Process Management How To Plan Project Management Templates Defined contribution plans are a type of retirement plan to safeguard the employees from financial contingencies that could be faced by him or her in the retirement age. . A plan whereby retirees receive a fixed dollar amount from their employer as a pension C. A defines the benefits that the employee will recieve at the time of retirement. They are generally referred to as defined benefit plans or defined contribution plans. 401 K is regarded as one of the contributions of the most common type. A defined contribution plan refers to a retirement plan which is sponsored by the employer or the sponsor on the basis of the tenur...