Examlex
Which statement best describes strategic knowledge workers?
401(k)s
Tax-advantaged, employer-sponsored retirement saving plans that allow employees to save a portion of their paycheck before taxes are taken out.
Defined Benefit Plan
A retirement plan where employee benefits are computed using a formula that considers factors such as salary history and duration of employment, with employer contributions funding the benefits.
Defined Contribution Plans
Retirement plans in which the employee, employer, or both contribute a fixed amount to the individual's account, with eventual benefits determined by the account's performance.
Federal Mandatory
Requirements or directives issued by the federal government that must be followed by all relevant parties under penalty of law.
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