In defined contribution plans when the contributions are not expected to be settled wholly before twelve months after the end of the reporting period, what must occur?

Posted by: Pdfprep Category: T7 Tags: , ,

In defined contribution plans when the contributions are not expected to be settled wholly before twelve months after the end of the reporting period, what must occur?
A . The employer must assume risk for the plan
B . Contributions must be discounted
C . Contributions must not be discounted
D . The employer must pay a specified amount to the employee

Answer: B

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