A 401 (k) plan is which of the following types of retirement benefits? a. non -...
A 401 (k) plan is which of the following types of retirement benefits?
| a. |
non - qualified benefit |
|
| b. |
defined contribution |
|
| c. |
qualified benefit |
|
| d. |
defined benefit |
Homework Answers
401(k) is a qualified benefit that falls under the ERISA guidelines ie Employee Retirement Income Security Act
Answer is
| c. |
qualified benefit |
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