Traditional Defined Benefit Plans Are Better Suited Than Cash-Balance Plans

question 33

True/False

Traditional defined benefit plans are better suited than cash-balance plans for a mobile workforce.

---

Definitions:

Empowerment Gap

The disparity between groups in their access to resources and opportunities that allow for empowerment and decision-making.

Service Gap

Results when a service fails to meet the expectations that customers have about how it should be delivered.

Knowledge Gap

The difference in understanding or information between individuals or groups, especially in relation to access or comprehension of specific subject matter.

Tangibles

Physical items or goods that can be seen, touched, and measured, as opposed to services or digital products.