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14 May, 22:30

Gail's employer contributes $2,000 (5% of her $40,000 salary) to a qualified retirement plan for Gail. This pension plan is what kind of plan?

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  1. 14 May, 22:46
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    The correct answer is "defined contribution plan"

    Explanation:

    A defined contribution plan is a type of retirement plan in which the employer makes contributions regularly to a specific account, the benefits depend on the amount of the contribution of his or her earnings (usually pretax).
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Home » Business » Gail's employer contributes $2,000 (5% of her $40,000 salary) to a qualified retirement plan for Gail. This pension plan is what kind of plan?
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