Question 7 (4 points) Independently considering each of the following statements regarding defined benefit plans, indicate whether the statement is true (by indicating T) or false (by indicating F). Employees bear the risks associated with investments within a defined benefit plan. The benefits in a defined benefit plan are based on a fixed formula which usually considers years of service and employee compensation levels as they near retirement The vesting period in a defined benefit plan can be based on a graded schedule or a cliff schedule. In a defined benefit plan, employers are generally required to make annual contributions to meet expected future liabilities