The amount of one's retirement account value depends directly on the success of investments in the retirement fund if your retirement account is a ____ retirement plan.

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In a defined-contribution retirement plan, such as a 401(k) or IRA, the amount of money you have at retirement depends on the performance of the investments in the account. With a defined-benefit plan, your retirement benefit is predetermined and not based on investment performance. Cash-balance plans combine features of both defined-benefit and defined-contribution plans, and vested simply refers to the employee's ownership of their retirement benefits.

The Amount of One's Retirement Account Value Depends Directly on the Success