A 401(k)plan Is Best Described as a ________

question 94

Multiple Choice

A 401(k) plan is best described as a ________.

• A) defined contribution pension plan
• B) defined benefit pension plan
• C) health savings account
• D) golden parachute

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Definitions:

National Task Force

A group formed by a government to address specific national issues or emergencies, often comprising experts from different fields.

Violence Against

The use of physical force or power, threatened or actual, against another person, group, or community, resulting in injury, death, psychological harm, maldevelopment, or deprivation.

Licensing Board

An authoritative body responsible for overseeing and issuing licenses to individuals and businesses within certain professions, ensuring standards of practice are met.

Professional Letter

A formal piece of correspondence written in a standard format used for communication in professional settings.