Are employees more likely to favor defined contribution plans over defined benefit plans? Are employers more likely to favor defined contribution plans over defined benefit plans?

ASSIGNMENT 07-Are employees more likely to favor defined contribution plans over defined benefit plans? Are employers more likely to favor defined contribution plans over defined benefit plans?

R03 Compensation and Benefits

 

Directions:  Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

Part A

Objective: Describe the features of defined benefit plans and defined contribution plans.

1. Are employees more likely to favor defined contribution plans over defined benefit plans? Provide one (1) supporting fact to justify your answer.
2. Are employers more likely to favor defined contribution plans over defined benefit plans? Provide one (1) supporting fact to justify your answer.

Part B

Objective: Explain health insurance concepts.

Describe two (2) of the choices an employer may make to help control health care costs.