Which of the Following Describes a Defined Contribution Plan

question 27

Multiple Choice

Which of the following describes a defined contribution plan?

• A) Provides guaranteed income on retirement to plan participants.
• B) Employers and employees generally may contribute to the plan.
• C) Generally set up to defer income for executives and highly compensated employees but not other employees.
• D) Retirement account set up to provide an individual a fixed amount of income on retirement.

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Definitions:

Rotator Cuff Lesions

Injuries to the group of muscles and tendons that stabilize the shoulder joint, resulting in pain, weakness, and reduced range of motion.

Muscle Spasms

Sudden, involuntary contractions or seizures of muscles that can cause pain or discomfort.

Medial And Lateral Epicondyle

Bony prominences found on the distal end of the humerus, important in the attachment of forearm muscles.

Annular Ligament

A circular band of connective tissue that stabilizes the joint, preventing dislocation.