Which one of the following statements is not true for a defined benefit plan? a. Favors older

Question:

Which one of the following statements is not true for a defined benefit plan?
a. Favors older participants.
b. Arbitrary annual contribution.
c. Requires an actuary.
d. Maximum retirement benefit of the lesser of $90,000 (indexed) or 100 percent of pay per year.
e. Requires Pension Benefit Guarantee (PBGC) premiums.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...