Money-Purchase Pension Plans,stock Bonus Plans,profit-Sharing Plans,401(k)plans,403(b)plans,and Section 457 Plans Are

question 66

True/False

Money-purchase pension plans,stock bonus plans,profit-sharing plans,401(k)plans,403(b)plans,and Section 457 plans are examples of defined-contribution plans.

---

Definitions:

Family and Medical Leave Act

A U.S. law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons.

Companies

Legally recognized organizations designed to provide goods or services to consumers for profit.

Multi-National Companies

Businesses that operate in multiple countries around the world, beyond their home country.

Family-Friendly Benefits

Work policies or practices that support employees in balancing their work responsibilities with family life, such as flexible working hours, parental leave, and childcare support.