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

Author Question: Which of the following statements concerning defined benefit and defined contribution pension plans ... (Read 57 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age
Preschoolers benefit from helping with meal preparation, especially with foods they like Preschoolers benefit from helping with meal preparation, especially with foods they like
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Injuries That Benefit from Burn Center Care Injuries That Benefit from Burn Center Care
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library