Which of the following is not true about traditional defined benefit plans?
A . A defined benefit plan provides a specified retirement benefit, and is funded based on actuarial assumptions
B . A defined benefit plan provides higher proportionate benefits for key employees when key employees as a group are older than rank and file employees
C . A defined benefit plan provides an individual account for each employee who participates
D . A defined benefit plan can provide benefits for service prior to establishment of the plan
Answer: C