JKL Company Just Converted Its Traditional Defined-Benefit Plan to Another

JKL Company just converted its traditional defined-benefit plan to another type of plan.Under the plan,benefits are defined in terms of a hypothetical account balance,with retirement benefits dependent upon the value of the participant's account at retirement.Each year,employees receive an interest rate credit and a pay credit which is a specified percentage of compensation.This type of plan is called a

A) section 401(k) plan.
B) deposit-administration plan.
C) cash-balance plan.
D) trust fund plan.

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