"1. Jones CO. has a defined contribution pension plan for its workers. Under this type of plan, which best describes the contingent liability

"1. Jones CO. has a defined contribution pension plan for its workers. Under this type of plan, which best describes the contingent liability associated with the plan?1. Jones has a contingent liability until the employee retires.2. Jones has no contingent liability.3. the trsutee of the plan has the contingent liability