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

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.