Pension plans in which employer contributions are set by the plan and benefits depend on the performance of the assets in the plan is called a

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The description matches a defined contribution plan, where the employer contributes a set amount to the employee's retirement account, and the ultimate benefit depends on the performance of the investments. A defined benefit plan, on the other hand, promises a specific payout upon retirement regardless of the plan's performance. Fully vested and unfunded refer to different aspects of a pension plan and are not directly relevant to the given description.

Pension Plans in Which Employer Contributions Are Set by the Plan