Which of the Following Factors Does Not Determine the Accrual

question 54

Multiple Choice

Which of the following factors does not determine the accrual rate in defined contribution plans? (Defined Contribution Plans)

• A)Benefits equal balance in the account
• B)Company cannot set maximum age limits for discontinuing contributions
• C)Company's contribution cannot be reduced because of employee age
• D)Benefits exceed the balance in the account

---

Definitions:

National Labor Relations Board

The National Labor Relations Board is a federal agency tasked with enforcing labor laws in relation to collective bargaining and unfair labor practices.

Unionize

The process by which employees come together to form a union in order to collectively bargain for better wages, working conditions, and benefits.

Efficiency Wages

Efficiency wages are above-market wages paid by firms to increase worker productivity.

Equilibrium Level

The state in a market where supply equals demand, resulting in stable prices and quantities where no economic forces are unbalanced.