Question: What is a defined contribution plan? a . A plan where the employer bears the entire cost b . A plan where the employer contributes

What is a defined contribution plan?
a. A plan where the employer bears the entire cost
b. A plan where the employer contributes a certain sum each period based on a formula
c. A plan that outlines the benefits employees will receive when they retire
d. A plan that provides benefits to retired employees for services provided during their working years

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