In a Contributory Defined Contribution Pension Plan,all of the Following

Multiple Choice

In a contributory defined contribution pension plan,all of the following are true with the exception of

A) a separate account is established for each participant.
B) both the employee and employer can make contributions to the plan.
C) amounts are contributed to the plan based upon a specific formula.
D) retirement benefits are a fixed amount based on the level of compensation earned by the employee during the working years.