1. Plans qualifying for preferential tax treatment must meet minimum participation and vesting requirements. T/F 2. To obain special tax treatment, a company's pension plan must be "qualified." T/F 3. Which one of the following is not true of the Employee Retirement Income Security Act (ERISA)? It sets the minimum standards and requirements that the pension plan must meet. It seeks to ensure that all employees covered by pension plans receive the benefits due them under the plans. It does not apply to employee benefit plans that are established by federal, state, or local government employers. It requires an employer to provide a pension plan for its employees. 4. Which of the following is not true of the Employee Retirement Income Security Act (ERISA)? Group of answer choices It sets standards of conduct and responsibility upon pension fund fiduciaries. It applies to plans maintained solely for the purpose of complying with state workers' compensation. It requires pension plan administrators to disclose relevant financial information to employees and the government. It provides legal remedies to employees and their beneficiaries in the event of violations.
1. Plans qualifying for preferential tax treatment must meet minimum participation and vesting requirements. T/F 2. To obain special tax treatment, a company's pension plan must be "qualified." T/F 3. Which one of the following is not true of the Employee Retirement Income Security Act (ERISA)? It sets the minimum standards and requirements that the pension plan must meet. It seeks to ensure that all employees covered by pension plans receive the benefits due them under the plans. It does not apply to employee benefit plans that are established by federal, state, or local government employers. It requires an employer to provide a pension plan for its employees. 4. Which of the following is not true of the Employee Retirement Income Security Act (ERISA)? Group of answer choices It sets standards of conduct and responsibility upon pension fund fiduciaries. It applies to plans maintained solely for the purpose of complying with state workers' compensation. It requires pension plan administrators to disclose relevant financial information to employees and the government. It provides legal remedies to employees and their beneficiaries in the event of violations.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
1. Plans qualifying for preferential tax treatment must meet minimum participation and vesting requirements.
T/F
2. To obain special tax treatment, a company's pension plan must be "qualified."
T/F
3. Which one of the following is not true of the Employee Retirement Income Security Act (ERISA)?
- It sets the minimum standards and requirements that the pension plan must meet.
- It seeks to ensure that all employees covered by pension plans receive the benefits due them under the plans.
- It does not apply to employee benefit plans that are established by federal, state, or local government employers.
- It requires an employer to provide a pension plan for its employees.
4. Which of the following is not true of the Employee Retirement Income Security Act (ERISA)?
Group of answer choices
- It sets standards of conduct and responsibility upon pension fund fiduciaries.
- It applies to plans maintained solely for the purpose of complying with state workers'
compensation. - It requires pension plan administrators to disclose relevant financial information to employees and the government.
- It provides legal remedies to employees and their beneficiaries in the event of violations.
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