Lamont Corporation has a pension plan in which the corporation makes all contributions and employees receive benefits

Question:

Lamont has a pension plan in which the makes all contributions and employees receive benefits at retirement based on the balance in their accumulated pension fund. What type of pension plan does Lamont have?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...