Are you having trouble answering the question “A defined benefit plan:”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
A defined benefit plan:
A. excludes employees earning less than $20,000 per year
B. is required to vest 100% of contributions after 1 year’s service
C. gives the greatest benefit to high salaried employees close to retirement age
D. bases contributions solely on each employee’s earnings
Answer: C.
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