(Answered) Defined contribution plans and defined benefit planswhat

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Defined contribution plans and defined benefit plans

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

Components of Pension Plans

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?
401k and Pension 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 why. If you were an employer, would your decision change? Explain why or why not.

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