Ask Question
24 October, 15:57

Alexis is choosing between a job in the National Parks Service, which offers a pension plan, and a forestry contracting job with a 401 (k) plan. Why would Alexis choose the 401 (k) plan over the pension plan?

+2
Answers (1)
  1. 24 October, 16:19
    0
    One advantage of the 401 (k) plan over the job with the pension plan is that a pension plan is dependent on the employer in a specific way in which if the employer announced bankruptcy, the company is no longer required to pay the pensions. A 401 (k) gives more security to the employer as it protects them from this situation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Alexis is choosing between a job in the National Parks Service, which offers a pension plan, and a forestry contracting job with a 401 (k) ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers