Which of the following statements regarding defined benefit plans is true? a. A defined benefit plan can allocate forfeitures to other plan participants. b. A defined benefit plan can use forfeitures to reduce future plan costs. c. A defined benefit plan cannot give credit for prior service. d. Each participant of a defined benefit plan has an individual account.

Which of the following statements regarding defined benefit plans is true? a. A defined benefit plan can allocate forfeitures to other plan participants. b. A defined benefit plan can use forfeitures to reduce future plan costs. c. A defined benefit plan cannot give credit for prior service. d. Each participant of a defined benefit plan has an individual account