Defined Contribution Plans Made It the Responsibility of the _____

question 36

Multiple Choice

Defined contribution plans made it the responsibility of the _____ to make wise investment decisions for their retirement plans.

• A)insurance companies
• B)employer
• C)Pension Benefit Guaranty Corporation (PBGC)
• D)employee
• E)U.S. Department of Labor

---

Definitions:

Money-back Guarantee

A pledge to refund a customer's payment if the product or service does not meet the advertised standards or expectations.

Abuse of Dominant Position

An anti-competitive business practice where a dominant firm uses its market power to exclude competitors or exploit consumers.

Regulatory Law

A body of law that governs the activities of administrative agencies of government, including rule-making and enforcement.

Criminal Law

The body of law that relates to crime and the regulation of conducts prohibited by the state, including the imposition of penalties for their violation.