In a Defined-Contribution Plan, a Formula Is Used That

question 22

Multiple Choice

In a defined-contribution plan, a formula is used that

• A) defines the benefits that the employee will receive at the time of retirement.
• B) ensures that pension expense and the cash funding amount will be different.
• C) requires an employer to contribute a certain sum each period based on the formula.
• D) ensures that employers are at risk to make sure funds are available at retirement.

---

Definitions:

No-Meetings Task Policy

A workplace strategy that allocates certain periods or days without scheduled meetings to increase productivity and focus on task execution.

High-Performance Results

Outcomes that significantly exceed the standard or expected levels of achievement.

Performance Potential

The capacity or ability of an individual or organization to attain and exceed predetermined goals or targets.

Team Training

A process of teaching a group of individuals to work together effectively, enhancing their collective skills in communication, decision-making, and problem-solving.