The Funds Contributed into a Defined-Contribution Plan Are Held by the Employer

question 256

True/False

The funds contributed into a defined-contribution plan are held by the employer until withdrawn by the employee.

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Definitions:

Discouraged Worker

An individual who is not actively seeking employment due to a belief that no jobs are available for them or there are no suitable job vacancies.

Structurally Unemployed

Individuals who are unemployed due to a mismatch between their skills and the needs of the job market, often because of technological changes or shifts in the economy.

Vocational Training

Education or training focused on teaching specific skills or trades to prepare individuals for specific jobs or careers.

Index of Leading Indicators

A composite index designed to predict the future movements of the economy based on various economic indicators.