Which of the Following Is Not a Characteristic of a Defined-Contribution

question 53

Multiple Choice

Which of the following is not a characteristic of a defined-contribution pension plan?

• A)The employer's contribution each period is based on a formula.
• B)The benefits to be received by employees are usually determined by an employee's three highest years of salary defined by the terms of the plan.
• C)The accounting for a defined-contribution plan is straightforward and uncomplicated.
• D)The benefit of gain or the risk of loss from the assets contributed to the pension fund are borne by the employee.

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Definitions:

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Tutoring Classes

Educational sessions focused on providing personalized instruction and assistance to improve understanding and performance in a specific subject area.

Per Semester Salary

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Budgeting Process

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