Please answer both questions!

1. The largest amount of pension fund reserves are held by A) The Federal government B) State and local government retirement funds C) Insured pension plans D) Uninsured pension plans 2. As of 2022 which of the following statements about 401(k) plans are true? I. They are defined benefit plans II. They allow employer and employee contributions III. Earnings accrue tax-free until withdrawn IV. They allow employee a choice in how the money is invested V. They always have minimum guaranteed rates of return A) I, IV and V only B) II, II and V only C) II and III only D) II, III and IV only E) All are true