Acct410 exam prep test - Study guides, Class notes & Summaries
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ACCT410 Exam Prep Test |Questions with 100% Solutions (A Graded
- Exam (elaborations) • 11 pages • 2024
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Pension Plan - ANSWER Arrangement where an employer provides benefits to employees after
they retire for services they provided while employed
Defined Contribution Plan (401k) - ANSWER 1. Amount of contribution are known (defined),
based on a formula determining employer match
2. NO promises regarding size of benefits received by retiree
-investment risk is WITH employee
Exam (elaborations)
ACCT410 Exam Prep Test |Questions with 100% Solutions (A Graded
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Pension Plan - ANSWER Arrangement where an employer provides benefits to employees after they retire for services they provided while employed Defined Contribution Plan (401k) - ANSWER 1. Amount of contribution are known (defined), based on a formula determining employer match 2. NO promises regarding size of benefits received by retiree -investment risk is WITH employee
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