Asked by Eliza Howard on Jul 13, 2024
Verified
Under a 401(k) plan, the ________ is responsible for choosing specific investments.
A) employee
B) PBGC
C) ERISA fiduciary advisor
D) financial institution handling the account
E) employer
401(k) Plan
A type of retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes are taken out.
PBGC
The Pension Benefit Guaranty Corporation (PBGC) is a U.S. government agency that protects the retirement incomes of American workers in private-sector defined benefit pension plans.
ERISA Fiduciary Advisor
A financial advisor who is required by the Employee Retirement Income Security Act to act in the best interest of participants in retirement plans.
- Realize the value of retirement strategies and their consequences on sustained employment bonds.
Verified Answer
Learning Objectives
- Realize the value of retirement strategies and their consequences on sustained employment bonds.
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