Which of the following statements is true?
1) In the year that Electron Products, Inc. has a loss for income tax purposes, they do not have to make a contribution to the 10
2) Because of the risk of mis-management of plan assets, plan sponsors of defined benefit plans are prohibited from investing more than 5
3) In calculating the minimum funding amount for a cash balance plan, the actuary considers plan forfeitures.
4) The Pension Benefit Guaranty Corporation (PBGC) guarantees that the participants of a defined benefit plan will receive their accrued benefit as calculated under the private plan funding formula.