Which describes retirement plans commonly offered by not-for-profit hospitals?

• A. Retirement plans commonly offered by not-for-profit hospitals
• B. Retirement plans offered only by for-profit corporations
• C. A government pension program
• D. A standard 401(k) plan available to all employers

Answer: (A)

Not-for-profit hospitals typically offer retirement plans tailored to nonprofit employers, such as 403(b) plans for employees. These plans provide tax-advantaged savings and are a common benefit in nonprofit settings, reflecting how these organizations structure employee retirement options differently from for-profit companies. The other statements miss this nonprofit-specific context: government pension programs are usually for government workers, not hospital staff; retirement benefits offered only by for-profit corporations aren’t accurate for nonprofit employers; and while some nonprofits may offer a 401(k), that plan type is more characteristic of for-profit employers and isn’t the descriptor most closely tied to nonprofit hospitals.