Mary works at a pharmaceutical company as a customer service representative. Her employer allows her to choose the set of benefits she will receive on top of pre-established sets of benefits, such as medical insurance and term life insurance. The company gave her credits equal to 6% of her salary with which she decided to purchase dental and vision insurance. This pharmaceutical company uses what kind of benefits plan?

Core Plus option plan.

Explanation:

Core plus funds as Mary's optional plan here are explained to be typically associated with fixed income funds, adding alternative investments such as high yield, global, and emerging market debt to a core portfolio of investment grade bonds.

In other words, it is an investment management style that permits managers to augment a core base of holdings, within a specified objective portfolio, with instruments that have greater risk and greater potential return. Funds that utilize this strategy are called core plus funds.

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