TRUE OR FALSE 1. Under a defined benefit plan, the employer bears the risk that plan assets may be insufficient to pay for promised benefits. 2. A surplus exists if the Present value of the defined benefit obligation exceeds the fair value of plan assets. 3. The balance of FVPA would be zero if the employer has no fund set aside for the retirement benefits of the employees. 4. The excess of the FVPA over the PV of DBO is always reported as an asset. 5. The PV of DBO increases as additional services are rendered by an employee