A Defined Contribution Plan in Which Employees May Defer Income

question 55

Multiple Choice

A defined contribution plan in which employees may defer income up to a maximum amount allowed is a ________.

• A) stock option plan
• B) cash balance plan
• C) hybrid plan
• D) 401(k) plan

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Definitions:

Negative Association

A relationship between two variables in which one decreases as the other increases, or vice versa, indicating an inverse correlation.

Empowering Practice

A method or approach that enables individuals or groups to gain control over their circumstances and achieve their goals through increased autonomy and self-confidence.

Ample Information

Refers to having more than enough or a large amount of relevant data or facts pertaining to a specific topic or situation.

Establish Limits

The process of defining boundaries or rules within which actions or behaviors are permitted.