#$4$ General Instructions:

$-$An individual in an Employee Benefits class is asked to answer the following questions regarding the case and readings read so far from Chapter $1$through Chapter $12.$ Textbook: Employee Benefits by Joseph Martocchio $7$th edition.

Scenario $1$: An individual runs a company that currently maintains a defined benefit retirement pension plan. We$$ve maintained the plan for many years while most other companies have replaced their defined benefit pension plans with defined contribution $401($k$)$ plans. We are now seriously considering changing to a defined contribution $401($k$)$ plan.

$-$ Please respond to the questions below of the scenario provided thoroughly and provide an example for each to justify the individual$$s answer.

a$)$ Provide two reasons why should the individual consider making this change

b$)$ Two reasons why the individual should not make this change $($downsides$),$ and ways the individual can mitigate the two downsides.

Scenario $2$: Let$$s say that the National Healthcare Reform$/$Affordable Care Act $($ACA$)$ is in place. There is a company of $300-$people with a fully insured medical plan, and an individual is the new Director of HR$.$

$-$ Please respond to the question below of the scenario provided thoroughly and provide an example for each to justify the individual$$s answer.

c$)$Please describe three material ACA compliance requirements the individual will review first, to ensure the company is complying with the law.