Defined contribution $($DC$)$ plans differ from defined benefit $($DB$)$ plans because:

Select one

A$.$ Employees have control over their DC plan assets while DB plan assets remain under the control of plan sponsors.

B$.$ DB plans are regulated under ERISA and DC plans are regulated by FASB.

C$.$ Defined benefit plans are similar to individual savings plans whereas defined contribution plans are similar to endowments.

D$.$ Employers sponsor defined benefit plans but not defined contribution plans.