Which One of the Following Is Not a Typical Characteristic

question 168

Multiple Choice

Which one of the following is not a typical characteristic of a defined contribution plan?

• A)Employer may match contributions
• B)Ability to transfer account balance to an IRA
• C)Guaranteed formula-based benefit
• D)Employee-managed investments
• E)Account balance withdrawal option

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Definitions:

Group Cohesion

The bonds that link members of a group together, promoting unity, trust, and a sense of belonging, and influencing the group's performance and members' satisfaction.

Coordinated Patterns

Organized behaviors or actions among individuals or groups that are synchronized to achieve a common goal.

Old-Timers

A term referring to people who have a lot of experience or have been in a particular area or field for a long time.

Retroactive Pessimism

The tendency to retrospectively view past events more negatively once an outcome is known, particularly if the outcome is undesirable.