What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have defined contribution plan or a defined benefit plan? Explain your answer. As an employer, would you rather offer a defined contribution plan or a defined benefit plan? Explain answer.

 

What are the components of pension expense? How is the interest rate determined? Why are prior service costs amortized? How do the components of pension expense differ among the various types of contribution and benefit Plans?

 

How does a pension plan differ from a 401(k) plan? As an employee,.would you rather have a pension plan or a 401(k) plan? Explain your answer. If you were an employer, would your decision change? Why or why not.”

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