What are the benefits of a defined contribution plan? A. The money contributed by the employer...
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What are the benefits of a defined contribution plan?
A. The money contributed by the employer is like extra income to the employee, that is given in a way that encourages the employee to save with tax-deferred benefits.
B. Participating results in employees investing funds directly into their retirement accounts, into a portfolio of their choosing.
C. Both A and B.
Homework Answers
A defined contribution plan is a plan in which the employee, employer or both make contributions to save for retirement. The money can be invested in the securities market. It is usually tax deferred.
Hence, the answer is option c.
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What are the benefits of a defined contribution plan?
A.
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