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chouri chouri
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6 years ago
JKL Company just converted its traditional defined-benefit plan to another type of plan. Under the plan, benefits are defined in terms of a hypothetical account balance, with retirement benefits dependent upon the value of the participant's account at retirement. Each year, employees receive an interest rate credit and a pay credit which is a specified percentage of compensation. This type of plan is called a
A) section 401(k) plan.
B) deposit-administration plan.
C) cash-balance plan.
D) trust fund plan.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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chouri Author
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5 years ago
You help me succeed, so thank you!
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