Series 24: Payroll Deduction Plan

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Payroll Deduction Plan...

a non-qualified retirement plan in which an employer deducts a certain amount of an employee’s paycheck and puts it into life insurance, an annuity, a mutual fund, or an IRA.

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Solomon Exam Prep Study Materials for the Series 24
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