Business, 04.05.2021 05:00, timothycarter342
Ardent Industries is considering starting a retirement plan for its 850 employees. One option company managers are considering is a profit-sharing plan. All the following statements represent advantages of this type of retirement plan EXCEPT: Group of answer choices Amounts forfeited by employees who leave a company before they reach full vesting are allocated to the accounts of remaining plan participants. A profit-sharing plan is a defined-contribution plan in which contributions are based on a firm's operating profit. An employer's cost of offering a profit-sharing plan is not affected by the age or number of employees. A company that establishes a profit-sharing plan must make annual contributions to the plan, even if the company fails to earn a profit during the year.
Answers: 3
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Ardent Industries is considering starting a retirement plan for its 850 employees. One option compan...
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