In a Defined Contribution Plan, a Formula Is Used That

question 20

Multiple Choice

In a defined contribution plan, a formula is used that

• A)defines the benefits that the employee will receive at 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 not at risk to make sure funds are available at retirement.

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Definitions:

Parallel

A type of electrical circuit connection where components are connected across the same two points, sharing voltage across but potentially carrying different currents.

Bandpass Filter

An electronic device or circuit that allows signals between two specific frequencies to pass through while blocking those outside this range.

Tank Circuit

An inductor and capacitor connected in parallel.

Impedance

The measure of opposition that a circuit presents to the flow of alternating current, represented as a complex number and includes both resistance and reactance.