1. Money-purchase plans are what type of voluntary benefit? cash-balance plan defined-contribution pan defined benefit plan...

1. Money-purchase plans are what type of voluntary benefit?

cash-balance plan

defined-contribution pan

defined benefit plan

profit-sharing plan

2. Before Greg’s doctor’s appointment, the receptionist asks for his insurance card and asks him to sign a form that explains what the provider will do to protect him from discrimination. What law does this form outline?

Family Medical Leave Act

Federal Insurance Contributions Act

Health Insurance Portability and Accountability Act

Employee Benefits Security Administration

3. Much like forms of direct pay, ______ benefits can be used to develop a strong workforce.

voluntary

Social Security

Medicare

disability income

Solutions

Expert Solution

Answer 1 : Defined benefit plan

Explanation : It is an defined benefit plan like the other plans such as profit sharing plans, 401(k) plans etc where the retirement benefits are offered to employees.

Answer 2 : Health Insurance Portability and Accountability Act

Explanation : In this act the personal, sensitive information of the patients are protected while they are protected from the discrimination carried out for the preexisting conditions.

Answer 3 : Voluntary

Explanation : It provides motivation for employees to work more efficiently unlike the direct pay benefits provided by the organization.

keosha answered 1 year ago

Next > < Previous

Related Solutions

What are the differences between defined benefit plans and defined contribution plans? In answering this question,...

What are the differences between defined benefit plans and defined contribution plans? In answering this question, explain why a cash balance plan is a defined benefit plan, and why the target benefit plan is a defined contribution plan.

difference between defined contribution plan and defined benefit plan

What is the difference between a Defined Benefit Pension Plan and a Defined Contribution Pension Plan.?...

What is the difference between a Defined Benefit Pension Plan and a Defined Contribution Pension Plan.? Why have Defined Contribution Plans become more popular? Froman employees perspective, which one do you think is more attractive?

1.) Explain the difference between “defined-benefit” retirement plans and “defined-contribution” retirement plan. Which approach is better?...

1.) Explain the difference between “defined-benefit” retirement plans and “defined-contribution” retirement plan. Which approach is better? Why? 2.) Discuss the various components of the National Social Security Program. Explain the extent of its coverage and it’s membership. Explain how it is financed, how it pays benefits to its members. What it’s solvency. Provide recommendations for long term sustainability. Please source

What are the major differences between defined benefit pension plans, defined contribution plans and 401k accounts?...

What are the major differences between defined benefit pension plans, defined contribution plans and 401k accounts? Which would you prefer and why.

Defined Contribution Plans: All of the following are characteristics of this type of pension plan, except? ...

Defined Contribution Plans: All of the following are characteristics of this type of pension plan, except? Shift the investment risk to the employer: employee bears no risk for future growth Shift the investment risk to the employee: employer bears no risk for future growth Define the contributions to be made by the company A 401(k) plan is a very common type of defined contribution plan Employer contribution is expensed as incurred Defined Benefit Plans: All of the following assumptions are used...

(1)An employer may account for a pension plan using a defined-contribution plan or a defined- benefit...

(1)An employer may account for a pension plan using a defined-contribution plan or a defined- benefit plan: (a) In two paragraphs, please explain the difference in these plans and (b) who will bear the risk of loss under each plan. What entries (debits and credits) will be made by the employer for pension expense under a defined-contribution plan and how will the amount for pension expense be determined What entries (debits and credits) will be made by the employer for...

What are the advantages and disadvantages for defined benefit pension plan and a defined contribution pension...

What are the advantages and disadvantages for defined benefit pension plan and a defined contribution pension plan each compared to the other?

According to the textbook, the defined contribution plan and defined benefit plan are the most popular...

According to the textbook, the defined contribution plan and defined benefit plan are the most popular pension plans used by employers. Employers have changed from traditionally defined benefit plans to defined contribution plans with no major company establishing a traditional pension plan in the past decade. Differentiate between the defined contribution pension plan and the defined benefit plan. What are the major differences in accounting for defined contribution plans and defined benefit plans? Assess the most likely reasons this trend...

Retirement Plans: How are defined benefit plans different from defined contribution plans? How are they similar?...

Retirement Plans: How are defined benefit plans different from defined contribution plans? How are they similar? Which plan would you choose to participate in? Why?

Subjects