Felix Is Concerned About Saving Money for Retirement

Multiple Choice

Felix is concerned about saving money for retirement.His company offers him a plan that requires him to contribute a specific amount of money each year through payroll deductions.At retirement,Felix will receive the monies he contributed as well as the fund's investment earnings.Felix is contributing to a(n) ________.

A) profit sharing plan
B) pension plan
C) 401(k) plan
D) ESOP
E) incentive-based payment structure