Retirement Flashcards
1
Q
What is the Maximum permissible contribution amount to a defined benefit plan
A
It is determined by an actuarially.
However, benefit can only be BASED on $330,00 of salary
2
Q
what affects the account balances of money purchase plans
A
Investment performance
3
Q
forfeitures in DB and cash balance plans are used for
A
must reduce plan costs or contributions
4
Q
A
