Question: Which one of the following statements is not true for a defined benefit plan? a. Favors older participants. b. Arbitrary annual contribution. c. Requires an

Which one of the following statements is not true for a defined benefit plan?
a. Favors older participants.
b. Arbitrary annual contribution.
c. Requires an actuary.
d. Maximum retirement benefit of the lesser of $90,000 (indexed) or 100 percent of pay per year.
e. Requires Pension Benefit Guarantee (PBGC) premiums.

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