This topic contains a solution. Click here to go to the answer

Author Question: A 401(k) plan is a defined benefit plan in which employees may defer income up to a maximum amount ... (Read 93 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
A 401(k) plan is a defined benefit plan in which employees may defer income up to a maximum amount allowed.
 
  Indicate whether this statement is true or false.

Question 2

What type of retirement plan has elements of both defined benefit plans and defined contribution plans?
 
  A) 401(k) plan
  B) 403(b) plan
  C) benefit plan
  D) cash balance plan



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Answer to Question 1

Answer: FALSE

Answer to Question 2

Answer: D




sammy

  • Member
  • Posts: 818
Reply 2 on: Jul 6, 2018
:D TYSM


sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

For a complete list of videos, visit our video library