Question: Which of the following describes a defined contribution plan? Multiple Choice Retirement benefits depend on how much money has accumulated in an individuals account. Employers

Which of the following describes a defined contribution plan?

Multiple Choice

  • Retirement benefits depend on how much money has accumulated in an individuals account.

  • Employers guarantee certain retirement benefits based on a designated formula.

  • Investment risk is borne by the employer sponsoring the plan.

  • The accounting for the plan is more complex than a defined benefit plan.

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