Which of the following is an employer-sponsored plan through which workers accrue certain rights during their tenure at the firm and on retirement are paid a benefit by the firm that is based on tenure at the firm and employee earnings?

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A defined benefit pension plan is the type of employer-sponsored plan where workers accrue certain rights during their tenure at the firm and on retirement are paid a benefit by the firm that is based on tenure at the firm and employee earnings. Option A (defined contribution pension plan) refers to a plan where the employer or employee (or both) contribute to an account, which is then invested, and the eventual benefit received by the employee depends on the return on those investments. Options C and D (Keogh account and 401(k) account) are both retirement savings accounts, but they are not employer-sponsored plans in the same way that a defined benefit pension plan is.

Which of the Following Is an Employer-Sponsored Plan Through Which