The major distinguishing difference between a traditional defined benefit plan and a cash balance plan is that$$

Group of answer choices

cash balance plans typically will provide higher benefits at retirement for younger plan entrants than for older plan entrants.

a cash balance plan provides for a specified benefit at retirement.

only cash balance plans require the employer to be responsible for all contributions and investment risk.

a cash balance plan is a profit$-$sharing plan. A defined benefit plan. A defined benefit plan is a pension plan.