This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which one of the following statements does not describe a defined benefits plan? (a) funded by a ... (Read 95 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jul 7, 2018
Which one of the following statements does not describe a defined benefits plan?
 
  (a) funded by a specified payment to the account of each participant
  (b) includes a formula that defines the benefit an employee is to receive
  (c) annual contribution by employer made on an actuarial basis
  (d) employees can be required to contribute to the plan

Question 2

Which one of the following statements is not true regarding Supplementary Executive Retirement Plans (SERPs)?
 
  (a) plans seldom make any contractual requirements on recipient
  (b) plans are unfunded
  (c) frequently funds are made available through employer's own insurance policies
  (d) employer retains control of plan assets


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jul 7, 2018
Answer to Question 1

a

Answer to Question 2

a


P68T

  • Hero Member
  • *****
  • Posts: 509
Reply #2 on: Jul 7, 2018
Thank you


lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #3 on: Jul 7, 2018
No problemo


« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Oceanic Crust Has a Well-defined Internal Structure Oceanic Crust Has a Well-defined Internal Structure
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Among the health benefits of marriage is a longer life. Among the health benefits of marriage is a longer life.
How to convert verbal statements into algebraic equations (Part 2) How to convert verbal statements into algebraic equations (Part 2)
Plan of Complex of the Temple of Aphaia, Aegina Plan of Complex of the Temple of Aphaia, Aegina
Acoelomate body plan of a flatworm Acoelomate body plan of a flatworm
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library