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:

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone and ranks ideas according to collective agreement.

Qualitative Demand Forecasting

A method that uses subjective judgment rather than numerical analysis to predict future demand for products or services.

Envelope/Scenario Forecasting

A forecasting method that involves creating a range of possible future outcomes based on different scenarios or assumptions.

HR Budgets

Budget allocations specifically designated for human resources activities including recruitment, training, salaries, and benefits.