1. Defined-benefit versus defined-contribution pension plans Consider two pension plans for Rosa, who works for Hydropower Corporation, and Din, who works for WindErgr company. Which of the following pension plans is a defined-benefit plan? BLan A Plan B Which of the following is the key characteristic that distinguishes between defined-contribution and defined-benefit pension plans? A defined-contribution plan allows employees to decide how to invest the money set aside for their retirement. A defined-benefit plan requlres the employer to contribute funds every pay period that then can be invested until the employee's retirement. A defined-benefit plan aliows employees to decide how to invest the money set aside for their retirement. Which of the following statements about a defined-contribution plan are accurate? Check all that apply. The sponsoring firm's main responsibility is its contributions to the fund. All employees ultimately will have the same account balance at the time of retirement. Employees can access money any time free of charge before retirement. Employees can designate what proportions of their money should be allocated to particular types of investments