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Statement 1: In a profit-sharing plan, the employer makes a discretionary contribution to the plan and bears the investment risk of the assets invested in
Statement 1: In a profit-sharing plan, the employer makes a discretionary contribution to the plan and bears the investment risk of the assets invested in the plan.
Statement 2: In a profit-sharing plan, the money contributed to the plan can be used to buy the shares from the stocks of the employer's company.
a. Both statements are false.
b. Statement 1 is True. Statement 2 is false
c. Both statements are true.
d. Statement 2 is True. Statement 1 is false
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