Consider defined-benefit retirement plans and defined-contribution retirement plans

Defined-Benefit and Defined-Contribution Retirement Plans

Consider defined-benefit retirement plans and defined-contribution retirement plans and document the primary characteristics of each. Specifically, contrast the responsibilities of the employer in administering each plan.

Consider the following questions:

  • Which plan is more risky for an employer? Which plan is more risky for an individual employee?
  • Which provides the individual employee with more resources at the conclusion of employment?
  • What are the personal income tax considerations for the individual employee once payments commence under each plan? does not need to be lengthy

 

Subject: Business

 

Answer preview……………………

apa 732 words

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