1/15 1 2 points All of the following statements differentiate defined benefit pension plans from defined contribution pension plans except which one? Contributions for a defined benefit pension plan are computed using actuarial assumptions of future benefits while defined contributions are purely based on management decision without respect to any required accumulation or benefit payout. A defined contribution pension plan cannot be overfunded or underfunded. Defined benefit plans will always have separate financial statements while defined contribution plans will never have separate financial statements. Accounting for a defined benefit pension plan is complex, while accounting for a defined contribution pension plan is relatively simple for the sponsoring company. Next