Employers with defined contribution plans will report a pension liability if the required contribution has not been fully paid by year end.

Name: Employers with defined contribution plans will report a pension liability if the required contribution has not been fully paid by year end.
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Question

Quizplus · Accepted Answer

Define contribution plans provide an individual retirement account for each participating employee and no obligation exists for pension benefits beyond what has been accumulated in each individual's account.

Employers with Defined Contribution Plans Will Report a Pension Liability