Benefit Plans We sponsor retirement savings plans for employees meeting certain eligibility requirements. Participants may choose from various investment options, including a fund comprised of our company stock. Paricipants can contribute up to 50% of their Revenue Service limitations. We match 100% of the first 3% of participating employees' contributions and 50% of the next 29, Employer contributions es immediately. The total employer contributions were $56 million, $53 million and $60 million in fiscal 2017, 2016 and 2015, respectively. eligible compensation annually as defined by the plan document, subject to Internal to ask about the company benefits, which of the following statements is NOT true for this type of pension retirement plan? a. It is a defined contribution plan: it can be provided to employees at a lower cost to the company than a defined benefit plan. b. t is a defined contribution plan: After company obligations are paid, the company has no further obligation to the plan. c. It is a defined contribution plan: it defines the current contributions made to the plan. d. It is a defined contribution plan: it shifts investment risk to the employee. e. It is a defined benefit plan: it defines future benefits to the employee