Define the purpose and function of a benefit plan

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Reference no: EM13770293

Each question may be answered in four to five sentences.

Define the purpose and function of a benefit plan.

Define the purpose and function of a contribution plan.

What does the term vesting mean? Why is vesting important?

Compare and contrast the cash balance plan and the contribution plan.

Explain the purpose and function of simplified employee pensions.

If you had your choice, which type of pension plan would you select for yourself? Please provide your reasons.

Reference no: EM13770293

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