Which One of the Following Is Not a Typical Characteristic

question 12

Multiple Choice

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

• A)employer matching contributions
• B)ability to transfer account balance to an IRA
• C)guaranteed formula-based benefit
• D)employee-managed investments
• E)lump-sum withdrawal option

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Definitions:

Dominant Characteristics

Traits or features that prevail over others, often influencing outcomes or distinguishing individuals or species in biological and social contexts.

Cynicism

An attitude characterized by skepticism towards the motives or integrity of individuals or institutions, often expressing a general distrust of others' apparent good intentions.

New Warriors

A term occasionally used to describe modern soldiers or fighters who are equipped with the latest technology and tactics.

Low Wages

Compensation for work that is significantly lower than the average pay for similar tasks, often not sufficient to cover basic living expenses.