Which of the following statements is TRUE of a defined benefit plan?
a. In a defined benefit plan, the employer makes a specified dollar contribution to an account in a managed fund.
b. In a defined benefit plan, the amount of money contributed by an employer is twice the amount of money contributed by an employee.
c. Under a defined benefit plan, the amount of retirement benefit is fixed and the employee knows the amount.
d. Under a defined benefit plan, an employer distributes company shares to the employees instead of the retirement benefits.
c
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