The Main Difference Between a Defined-Benefit Plan and Defined-Contribution Plan

question 111

Multiple Choice

The main difference between a defined-benefit plan and defined-contribution plan is

• A) a defined-contribution plan pays more at retirement.
• B) defined-benefit plan payments are not taxable.
• C) defined-contribution plan payments are not taxable.
• D) the company is the only contributor to a defined-benefit plan while you and the company may both contribute to a defined-contribution plan.

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Definitions:

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Excessive sweating during sleep, not related to an overheated environment, often a symptom of various medical conditions or hormonal changes.

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