Plan A Plan B iWind contributes 5% every month to Alex's retirement plan, and Alex also contributes 5% from his paycheck each pay period. Sean will receive 50% of his average annual salary during the five years in which his salary was highest if he stays with iSolar at least 15 years, and 85% if he stays with iSolar at least 30 years. Which of the following pension plans is a defined contribution plan? O Plan B O Plan A Which of the following is the key characteristic that distinguishes between defined-contribution and defined-benefit pension plans? O A defined benefit plan requires the employer to contribute funds every pay period that then can be invested until the employee's retirement. O A defined contribution plan allows employees to decide how to invest the money set aside for their retirement. O A defined contribution plan allows employees access to money any time before retirement, for any reason, with no penalty. O A defined-benefit plan allows employees to decide how to invest the money set aside for their retirement. Which of the following statements about a defined-benefit plan are accurate? Check all that apply. The amount of funds that should be set aside to cover an employee's retirement benefits is uncertain. Periods of weak financial markets do not affect the obligations to the retirees. Periods of weak financial markets significantly reduce the benefits received upon retirement. The company knows exactly how much an employee will receive upon retirement