Which of the following is true of defined-contribution plans?
A) Defined-contribution plans are required by ERISA.
B) Employers are free from the risk of poor performance of the plans.
C) The PGBC makes annual contribution of $33 per participant.
D) They guarantee a specified level of retirement income.
E) They guarantee higher returns to the employees compared to the defined benefit plans.
Correct Answer:
Verified
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