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What is a primary objective of profit-sharing and performance-sharing variable pay plans?
To achieve organizational cost savings through base pay reductions
To increase employee identification with the organization's success
To defer compensation expenses to future reporting periods
To reward individual employees for some significant contribution
Which of the following statements best describes defined contribution (DC) plans?
They require complex actuarial calculations and assumptions.
The benefit is based on a formula that considers pay and service.
They generally provide better benefits to employees with longer service.
The employee assumes the risk for the investments.
TESTED 17 May 2024
