18 Following Statements Concerning Defined Contribution Defined Benefit Qualified Retireme Q34185931

18. Which of the following statementsconcerning defined-contribution and defined- benefit qualifiedretirement plans is correct?

a. Both types of plans maintain anindividual account for each participating employee.

b. the employers annual contributionrequired for both types of plans is set forth in the plandocument.

c. the employer bears the investmentrisk only for a defined-benefit type plan.

d. the amount of the employee benefitfor both types of plans depends on the investment earnings realizedand the number of years the employees participation in theplan.

19. all the following statementscorrectly indicate characteristics of qualified retirement plans,except:

a. the employer is usually permittedto deduct

OR

 

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