Question: Target benefit pension plans are defined contribution plans that 1. fund for a targeted benefit level. 2. use the percentage of compensation approach. 3 .provide

Target benefit pension plans are defined contribution plans that

1. fund for a targeted benefit level.

2. use the percentage of compensation approach.

3 .provide a guaranteed retirement benefit.

4. adjust the contribution formula annually.

A) II, III, and IV B) I and III C) III and IV D) I and II

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