Which of the Following Defined Benefit Plans Makes a Contribution

question 3

Multiple Choice

Which of the following defined benefit plans makes a contribution to a hypothetical account for plan participants?

• A)Allocated Plan.
• B)Cash Balance Plan.
• C)Section 412(i)plan.
• D)Traditional Plan.

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Definitions:

Annually

Occurring once every year or relating to a period of one year.

Financial Statements

Official records that detail the financial activities and condition of a business, government, or other entity.

Interest Revenue

Income earned by an entity from its investments that pay interest, such as bonds, savings accounts, or loans extended to others.

Receivable

An amount of money owed to a company by its customers or clients for goods or services provided on credit.