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Grump Company contributes 6% of employees gross compensation to a qualifying pension plan. Grump guarantees that the plan will earn a 7% average annual return.

Grump Company contributes 6% of employees gross compensation to a qualifying pension plan. Grump guarantees that the plan will earn a 7% average annual return. Grump Company sponsors a:

Multiple Choice

life annuity.

cash balance plan.

defined contribution plan.

traditional defined benefit pension plan.

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