The pension plan, in which specific amount of profit is transferred to employees account, that are payable at the time of retirement or death is classified as?
Adeferred profit sharing plan
Bcash balance plans
Cearly retirement window
Dsavings and thrift plan
Correct answer
A. deferred profit sharing plan
Explanation
deferred profit sharing plan is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.