Multiple Choice
Which of the following statements regarding vesting in a defined benefit plan is correct?
A) Under a cliff vesting schedule, a portion of an employee's benefits vests each year.
B) Under a graded vesting schedule, an employee's entire benefit vests all at the same time.
C) When an employee's benefits vest, she is entitled to participate in the employer's defined benefit plan.
D) When an employee's benefits vest, she is legally entitled to receive the vested benefits.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Heidi, age 45, has contributed $20,000 in
Q6: Individual 401(k)plans generally have higher contribution limits
Q7: Jacob participates in his employer's defined benefit
Q8: Shauna received a distribution from her 401(k)account
Q9: Tatia, age 38, has made deductible contributions
Q11: On December 1, 2020, Irene turned 73
Q12: Taxpayers contributing to and receiving distributions from
Q13: Employees who are at least 50 yearsof
Q14: Kathy is 60 years of age and
Q15: Daniela retired at the age of 65.