Winslow Corporation Has Many Long-Term Employees

question 9

Multiple Choice

Winslow Corporation has many long-term employees. The company has never had a pension plan. Recently, a new management team was hired. The new president said he would like to start a pension plan through which he could reward the long-term service provided by many employees. Which of the following types of plans should Winslow Corporation adopt?

• A) section 403(b) plan
• B) section 401(k) plan
• C) money-purchase plan
• D) defined benefit plan