Which one of the following is not a typical characteristic of a defined benefit plan?

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Quizplus · Accepted Answer

Employee required contributions are not a typical characteristic of a defined benefit plan. These plans are funded solely by employer contributions and are designed to provide a guaranteed retirement benefit that is calculated based on a formula, such as years of service and salary. Investments are typically managed by the plan officials and the benefit is government-guaranteed up to a certain level, but employee contributions are not required.

Which One of the Following Is Not a Typical Characteristic