The Employees Are the Beneficiaries of a Defined Contribution Trust

question 40

True/False

The employees are the beneficiaries of a defined contribution trust, but the employer is the beneficiary of a defined benefit trust.

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Definitions:

Sonia Sotomayor

An Associate Justice of the Supreme Court of the United States, appointed in 2009, and the first Hispanic and Latina member of the Court.

Hispanic

A term used to describe people or cultures connected to Spain or Spanish-speaking countries, especially those countries in Latin America.

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal law.

Appointed

Selected or designated to a position or role by authority rather than by election.