Harold has participated in his employer's defined contribution pension plan for the past ten years. He plans to retire at age sixty, which is still twenty years away. With regard to Harold's pension plan participation, which of the following statements are true?

1. Investment earnings in the early years will have a greater effect on Harrold's eventual pension than investment earnings in later years.

2. The sum of contributions made into the plan on Harrold's behalf and associated investment earnings will be used to purchase Harrold's pension income. 3. Investment earnings in the later years will have a greater effect on Harrold's eventual pension than investment earnings in early years. 4. Harold will be retiring at the normal retirement age

Question options:

1 and 2

1 and 4

2 and 3

3 and 4