Which of the Following Is $\underline{not}$ A Characteristic of a Defined Contribution Plan?
A)The Exact Value

Multiple Choice

Which of the following is $\underline{not}$ a characteristic of a defined contribution plan?

A) The exact value is unknown prior to retirement.
B) Mandatory contributions must be made to a pension fund.
C) Contribution rates are normally stated as a percentage of wages or salaries.
D) Actuaries are consulted to determine annual contribution levels.