Defined-benefit pension plans are ________ for the plan sponsor to administer and are not portable from one job to another by employees in ________.

Question

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Defined-benefit pension plans are cumbersome for plan sponsors to administer as they involve complex calculations and assumptions about employee longevity and investment returns. They are also not portable from one job to another by employees, which is inconvenient for an increasingly mobile workforce where people change jobs more frequently.

Defined-Benefit Pension Plans Are ________ for the Plan Sponsor to Administer