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What is the difference between a defined benefit and a defined contribution retirement plan? Multiple Choice Defined contribution plans allow employees to determine a set
What is the difference between a defined benefit and a defined contribution
retirement plan?
Multiple Choice
Defined contribution plans allow employees to determine
a set amount to receive during retirement.
Defined benefit plans allow employees to determine a
specific amount of money they wish to contribute toward
their retirement plan.
The employer guarantees a specific retirement income for
defined benefit plans.
Defined benefit plans allow employees to set aside money
on a taxexempt basis.
According to Publication b what is the annual cash value limit for excluded
nonqualified achievement awards as of
Multiple Choice
$
$
$
$
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