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Which of the following statements best describes defined benefit (DB) plans?
Suggested Answer: C
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12 comments · newest first
NA
Narcisa
2 months ago
I feel B is misleading. DB plans don’t need individual accounts.
CH
Chun
2 months ago
I disagree, A seems more accurate. No specific benefit is guaranteed.
AN
Annett
3 months ago
I think C is the best choice. DB plans often work with government programs.
LU
Luis
3 months ago
C makes sense, especially with social security involved.
VA
Valentin
3 months ago
D is misleading. Employees aren't really at risk in DB plans.
VO
Von
3 months ago
Wait, I thought DB plans had individual accounts? Confused!
TA
Tasia
3 months ago
Totally disagree with A. DB plans guarantee specific benefits.
LE
Leonora
3 months ago
C is spot on! DB plans often work with government programs.
BO
Bo
4 months ago
I believe B is incorrect because DB plans don't have individual accounts; they pool funds. But I'm not 100% confident about the integration with government programs.
YU
Yuonne
4 months ago
I'm a bit lost on this one. I thought DB plans meant the employer takes on the risk, so D seems off, but I can't recall the details.
ST
Stefania
4 months ago
I remember practicing a question similar to this, and I think C might be the answer since DB plans often work with government programs.
LI
Lisha
4 months ago
I think DB plans guarantee a specific benefit, so A doesn't sound right, but I'm not completely sure about the other options.