Which of the following is true of a cash balance plan?

Question

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A particularly prominent hybrid,a cash balance plan,is a defined benefit plan that acts somewhat like a defined contribution plan.The employer makes regular,defined contributions and guarantees a benefit amount to employees based on an established formula,but the benefits are maintained in individual accounts and are expressed in terms of an accumulated lump sum,a cash balance,rather than as a periodic payment during retirement.All of the investment risk in cash balance plans remains with the employer.

Which of the Following Is True of a Cash Balance