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Which of the following characteristics are NOT a characteristic of a cash balance plan? ...

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Accounting

Which of the following characteristics are NOT a characteristic of a cash balance plan?

a) Similar in many aspects to a defined benefit plan

b) Employee bears the investment risk and reward

c) Establishes allocations to individual employee accounts.

d) Payout depends on how much builds up over time in the employee's individual account.

e) None of the above.

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