The investment portfolio for a defined benefit retirement plan has declined in value during a year in

Question:

The investment for a defined benefit retirement plan has declined in value during a year in which most financial market investments have incurred losses. Which one of the following entities would be impacted most by this decline in value?
a. Individual participants in the plan.
b. Company sponsoring the plan.
c. Investment banker handling the plan.
d. Plan underwriters.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...