A defined contribution plan that automatically takes out money from an employee's paycheck before income taxes and invests it in mutual funds for purposes of retirement savings

🎲 Try a Random Question  |  Total Questions in Quiz: 154  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
BPA Banking and Finance — practice the complete quiz, review flashcards, or try a random question.


1. A defined contribution plan that automatically takes out money from an employee's paycheck before income taxes and invests it in mutual funds for purposes of retirement savings