When comparing a defined benefit and a defined contribution pension plan, which of the following statements is/are true? 1. An actuarial review may result in changes to the employer's required contributions into a defined contribution plan, but an actuarial review is not necessary for a defined benefit plan. 2. Both types of plans typically offer a selection of investment options into which the plan member may direct his contributions. 3. A defined contribution plan is more easily understood than a defined benefit plan. 4. The plan member assumes responsibility for the investment risk with a defined contribution plan whereas the member assumes no investment risk with a defined benefit plan. Question options: 1 and 2 1 and 4 2 and 3 3 and 4