A less costly,lower-maintenance hybrid of the traditional defined-benefit plan is termed a:

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A cash-balance plan is a hybrid of a traditional defined-benefit plan and a defined-contribution plan. In a cash-balance plan, the employer contributes a set amount of money each period to an employee's individual account. The account earns interest based on a predetermined rate or the performance of an investment fund. At retirement, the account balance is converted into a lifetime annuity. Cash-balance plans are less expensive and easier to administer than defined-benefit plans, making them an attractive option for employers.

A Less Costly,lower-Maintenance Hybrid of the Traditional Defined-Benefit Plan Is