Which of the following is true about the employer’s role in a master contract?

The correct answer highlights the employer's role in a master contract by indicating that the employer receives benefits. In the context of a master contract, which is often used in group insurance or retirement plans, the employer acts as a plan sponsor. This means that by entering into a master contract, the employer is able to provide benefits to employees, such as health insurance, retirement contribution plans, or other employee benefits.

These benefits are valuable for attracting and retaining talent, as they enhance the overall compensation package of employees. Additionally, the employer gains certain advantages by pooling resources, negotiating better terms, and accessing specialized administrative services that might not be available through individual contracts.

The other options do not accurately represent the dynamics typically involved with master contracts. For instance, while some benefits may reduce costs, employers still maintain certain liabilities related to the contracts and cannot completely lose control over the policy involved. Furthermore, while reduced premiums may be a possibility in some scenarios, it is not universally true for all master contracts, and the primary emphasis should be on the benefits provided to employees.