Emma, an employee at MagicLand, is part of the company's group registered retirement savings plan (RRSP). During her tenure, she accumulated over $70,000 in the plan and all of her contributions are invested in segregated funds. She meets with Jun to invest in an individual segregated fund. Jun tells her that there are some differences between group and individual segregated funds. How are Emma's group segregated funds DIFFERENT from an individual segregated fund? 1. They have higher sales charges. 2. They charge switching fees. 3. They offer death benefit guarantees at a special rate. 4. They have lower management expense ratios (MER's)