Ch 13 Ensuring that plans operate in accordance with plan documents and ERISA, diversifying pension fundassets to minimize the risk of large losses, and managing benefit plans and funds solely in the interest of planbeneficiaries are all fiduciary duties under ERISA.TrueFalse

- The statement lists three duties: 1. Ensuring plans operate in accordance with plan documents and…

Answered: Ch 13 Ensuring that plans operate in…

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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Similar questions

2. In defined benefit plans no separate investment accounts exist for each participant but rather they are commingled together with each having a certain right to a portion of the pooled funds. a. True b. False
Which of the following items on the statement of net assets available for benefits would indicate a plan failed nondiscrimination testing? Select one: a. Excess contributions refundable/payable b. Employee contributions receivable c. Adjustment from fair value to contract value d. Adjustment from contract value to fair value
Which of the following would not be reported as required supplementary information? A.) Budget B.) Details of pension actuarial valuations C.) The condition of infrastructure D.) The GFOA certificate of achievement (if earned)
12-Under ERISA , if requested in writing , what information must the administrator of the pension fund supply to the participants ?
3
7
For a government that has a trust fund in which it is accumulating sufficient assets to pay OPEB, the net OPEB liability should be reported in both the governmental fund balance sheet and the government- wide statement of net position. A. True B. False
Question 502 A “covered member” who has a financial interest in a mutual fund that invests in a client is considered to have Group of answer choices an indirect financial interest in the client. a direct financial interest in the client. no financial interest in the client. a partial financial interest in the client.
33.
What is the difference between a private pension fund and a public pension fund and What is the main regulations governing pension funds
QUESTION 16 A 401 (k) Plan: O A. is a mandatory retirement program. B. is not a very effective way of achieving your retirement goals. O C. is funded fully by your employer as a retirement benefit for you. O D. is a defined benefit retirement program. O E. None of the above. QUESTION 17 Which of the following is most true regarding retirement planning? A. You can expect public sources to fund most of your retirement needs. O B. Ownership for retirement planning has shifted more from employers and government to individuals. O C. You do not need to worry about funding your retirement from multiple sources. O D. Retirement planning should be delayed until you are at least 30 years old or own your own home.

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Ch 13 Ensuring that plans operate in accordance with plan documents and ERISA, diversifying pension fund assets to minimize the risk of large losses, and managing benefit plans and funds solely in the interest of plan beneficiaries are all fiduciary duties under ERISA. True False