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Author Question: A 401(k) plan is a defined benefit plan in which employees may defer income up to a maximum amount ... (Read 90 times)

sammy

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on: Jul 6, 2018
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


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JaynaD87

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

Answer: D


sammy

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

anyusername12131

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

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