relieves companies of long-term pension obligations and makes the worker responsible A(n)_____ for the plan's performance. A 401(k) plan B defined contribution plan C defined benefit plan D Individual Retirement Account (IRA)
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Which of the following is not a characteristic of a defined-contribution pension plan? • a. An appropriate funding pattern must be established to ensure that enough funds will be available at retirement to meet the benefits promised. • b. The employer's contribution each period is based on a formula. • c. The benefit of gain or the risk of loss from the assets contributed to the pension fund are borne by the employee. • d. The accounting for a defined-contribution plan is straightforward and uncomplicated.
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