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A Defined Contribution Plan Is a Retirement Plan Where

Question 23

Multiple Choice

A defined contribution plan is a retirement plan where:


A) the benefits payable to a participant are based on contributions and earnings on those contributions.
B) the amount an employee receives at retirement is specifically designated at the time the employee enters the plan.
C) contributions made by an employer to the plan are determined actuarially.
D) contributions to the plan generally only come from an employer.

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