What is the main focus of a pension plan?

A pension plan primarily focuses on providing retirement benefits to employees. This financial arrangement is designed to support individuals financially after they retire from active employment, ensuring that they have a steady income during their retirement years. The funds contribute to the employee's financial security and are typically funded through contributions made by the employer, the employee, or both over the duration of the employee's career.

Retirement benefits are a crucial factor for employees, as they significantly influence job satisfaction, retention, and overall financial well-being in their later years. By ensuring that employees have access to these benefits, companies can not only enhance their workforce's stability but also foster loyalty and long-term employment relationships. Other options mentioned do not encapsulate the central purpose of a pension plan, as they pertain to different aspects of employee performance, corporate profit management, or attendance tracking, none of which align with the primary objective of securing retirement income for employees.