Features of a 401(k)plan Include All of the Following Except

question 41

Multiple Choice

Features of a 401(k) plan include all of the following except:

• A)Pension benefits are based on past earnings and length of service with the company.
• B)The employer may match a certain portion of the employee's investment.
• C)Taxes are deferred on wages invested in the plan.
• D)Investments may be made in company stock,mutual funds or other investment vehicles.

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Definitions:

Employers

Individuals or entities that hire others to perform services or jobs in exchange for compensation.

Welfare Capitalism

An economic system that combines a predominantly market-based economy with extensive social welfare programs.

Unionization

The process by which workers form or join a union to collectively negotiate with their employer regarding wages, working conditions, and other employment terms.

Intimidation

The act of threatening or coercing someone into doing or not doing something, often used in contexts of labor disputes or competitions to unduly influence parties.