Which of the following statements is not correct about defined contribution plans? Multiple Choice The employer controls
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Question:
Which of the following statements is not correct about defined contribution plans?
Multiple Choice
- The employer controls the investment choices on the employees' behalf.
- No explicit promise is made about the size of the periodic benefits the employee will receive during retirement.
- The promise is the amount of contributions the employer will make periodically.
- The size of payments depends on success of investments.
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