Question

in the last 20 years, many employers have shifted from
sep plans to simple plans.
defined - contribution to defined - benefit plans.
defined - benefit to defined - contribution plans.
401(k) plans to 403(b) plans.
question 15 2.27 pts
true or false: today, the typical american worker will receive a defined - benefit retirement plan from their employer.
true
false
question 16 2.27 pts
many employers have eliminated defined benefit retirement plans for employees because
the employees did not appreciate the benefit.
the cost to the employer and long term liability became overwhelming.
the employees were reluctant to contribute to the plans.

Explanation:

Question (First part, about employer shift):

In retirement plan trends, employers have increasingly moved from defined - benefit (where employer bears more pension responsibility) to defined - contribution (like 401(k), where employee saves more) plans. SEP to SIMPLE isn't the main shift, 401(k) and 403(b) are for different employer types (401(k) for for - profit, 403(b) for non - profit), not a common employer shift. And the shift is from defined - benefit to defined - contribution, not the reverse.

Today, most American workers have defined - contribution plans (e.g., 401(k)) rather than defined - benefit plans, as employers have shifted away from defined - benefit due to cost and liability issues. So the statement is false.

Defined - benefit plans require employers to guarantee a pension, which has high long - term costs (e.g., funding retiree benefits for years) and liabilities (uncertainty in investment returns and life expectancies). Employees generally appreciate retirement benefits, and defined - benefit plans don't require employee contributions (unlike defined - contribution). So the main reason is cost and long - term liability.

Answer:

defined - benefit to defined - contribution plans.

Question 15: