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Which of the following characteristics are found in both a defined contribution plan and a defined benefit plan? I. Individual accounts. II. Actuarial assumptions required.
Which of the following characteristics are found in both a defined contribution plan and a defined benefit plan?
I. Individual accounts.
II. Actuarial assumptions required.
III. Retirement benefits based on account values.
IV. Employer bears investment risk.
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a. I only.
b. None of the above.
c. I, III and IV only.
d. II and IV only.
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