Your client, Armando, meets with you for an annual review. Armando has been out of work for a few months and now has two job offers. However, one company offers a deferred profit sharing plan (DPSP) and the other company offers a defined benefit pension plan (DBPP). When Armando asks you about the differences between the 2 types of plans, which of the following is the CORRECT response that you should provide to him?a)In a DBPP, the member can typically select from a range of investment options.b)The plan members can contribute to a DPSP, up to a prescribed limit.c)The typical vesting period for a DPSP is 5 years.d)In a DBPP, the member's pension benefit is determined by a formula.