Marcia Works for Telephonic Industries and Participates in Its Thrift

question 85

Multiple Choice

Marcia works for Telephonic Industries and participates in its thrift and savings plan.For every $1.00 Marcia contributes to the plan,up to 4 percent of her salary,the company contributes $0.50.Which of the following accurately describe this plan?

• A)It's a defined benefit plan.
• B)It's a non-contributory plan.
• C)It's a cash-balance plan.
• D)It's a matching plan.
• E)It's a profit-sharing plan

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Definitions:

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