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Which of the following is true for a defined benefit plan? A)Contributions are limited. B)They are generally less expensive to maintain. C)The account is funded
Which of the following is true for a defined benefit plan?
A)Contributions are limited.
B)They are generally less expensive to maintain.
C)The account is funded by employer contributions in a pooled account.
D)Benefits are based on the amount the participant contributes.
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