Question

When the employer bears the entire cost of a pension plan's costs, the plan is called a ________

Answer 1

A fully funded pension plan is when the employer bears the entire cost of the pension plan's costs.

Step-by-step explanation:

When the employer bears the entire cost of a pension plan's costs, the plan is called a fully funded pension plan. In this type of plan, the employer contributes all the necessary funds to cover the retirement benefits of the employees. This means that the employer is responsible for ensuring that the pension plan has enough money to meet its obligations to the retirees.