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Author Question: Which of the following statements concerning defined benefit and defined contribution pension plans ... (Read 52 times)

shenderson6

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on: Jul 11, 2018
Which of the following statements concerning defined benefit and defined contribution pension plans is (are) true?
 
  I. The employer bears the investment risk with a defined contribution plan.
  II. Defined benefit plans favor workers who enter the plan at older ages.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Lynn works for a state university. In addition to the university's regular retirement plan, Lynn participates in another retirement savings plan.
 
  She elected to have 5,000 of her salary withheld and contributed to a tax-sheltered annuity with an insurer. The type of plan that Lynn established is called a
  A) SIMPLE plan.
  B) 403(b) plan.
  C) defined benefit plan.
  D) Keogh plan.


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6ana001

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


shenderson6

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

chjcharjto14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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