Question: 9. Defined contributions plans Use the table to match the plan feature with the appropriate retirement plan. Plan Feature Defined Contribution Plan Defined Benefit Plan

9. Defined contributions plans Use the table to match the plan

9. Defined contributions plans Use the table to match the plan feature with the appropriate retirement plan. Plan Feature Defined Contribution Plan Defined Benefit Plan Employees are responsible for setting aside money for their retirement funds Employers are responsible for setting aside money for their employee's pension funds O Given the characteristics of each of the previous two contribution plans, supporters of defined contribution plans argue that this type of plan reduces the costs to employers compared with defined contribution plans

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