Matching -A Plan That Offers the Employee a Choice Between Cash

question 18

Multiple Choice

Matching
-A plan that offers the employee a choice between cash and certain statutory nontaxable benefits
provided under either insured or self-funded plans.

• A)401(k) plan
• B)defined contribution plan
• C)profit sharing plan
• D)managed care program
• E)qualified retirement plan
• F)vested
• G)defined benefit pension plan
• H)money purchase plan
• I)COBRA
• J)cafeteria plan

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Definitions:

Bank

A financial institution licensed to accept deposits, offer loans, and provide other financial services such as currency exchange.

Population Size

The total number of individuals or inhabitants in a specified area or group.

Emigration

Or out-migration, is the outflow of people from one country and their settlement in one or more other countries.

Immigration

Or in-migration, is the inflow of people into one country from one or more other countries and their settlement in the destination country.