The Balance Sheet of the Top Uni Staff Superannuation Plan $\quad \$10500000$

The Balance Sheet of the Top Uni Staff Superannuation Plan included the following:
Net assets available to pay benefits $\quad \$10500000$
Represented by:
Liability for accrued benefits -
Allocated to members accounts $\quad \$ 10000000$
Not yet allocated $\quad\underline { 500000 }$
This indicates that the fund is probably a:

A) defined contribution fund
B) defined benefit fund
C) either of the above
D) externally managed fund