panies fund defined-benefit plans, but no such requirement exists for other pos

Q: The employer has an obligation to provide future benefits for:     A. Defined benefit pension…

A: Defined benefit and defined contribution are the  retirement pension plan

Q: The Employee Retirement Income Security Act (ERISA) requires that companies fund defined-benefit…

A: The post-retirement benefits will be benefits, other than annuity disseminations, paid to…

Q: health insurance plan is also available. b.Long-term care premiums may not be deducted within…

A: In a nutshell, the self-employed health insurance deduction allows self-employed people to deduct…

Q: When accounting for pension costs, how should the payment into the pension fund be recorded? How…

A: Pension expense: Pension expense is an expense to the employer paid as compensation after the…

Q: Which of the following would not be reported on a plan's statement of fiduciary net position? A.)…

A: Lets understand the basics. Statement of fiducary net position is similar like a statement of…

Q: How important is the actuaries role is in pension accounting?

A: Pension accounting is a critical area of financial reporting for pension plans. The role of the…

Q: What is the GASB standard for reporting expenditures from governmental funds for employee pension…

A: GASB stands for Government Accounting Standards Board, which is a non-governmental body that holds…

Q: 1. Which of these is NOT a regulation set forth within ERISA? Answer:   A.    Employees must be…

A: You have posted multiple un-interlinked questions, so as per our policy only first question will be…

Q: What benefits accrue to companies who elect to use pension funds? How does the use of a pension fund…

A: A Pension plan is a type of retirement plan that requires an employer to contribute to a pool of…

Q: Which are the components that are included in the pension expense?

A: Pension plan: Pension plan is an agreement between the employer and employee. After the retirement…

Q: Which of the following is not a regulatory responsibility of the Pension Benefit Guaranty…

A: In order to ensure the payment of pension benefits accrued by employees and retirees in the private…

Q: What are the basic factors that should be considered when establishing anindividual retirement plan?

A: A plan according to which an employer contributes some amount in the pool of funds that is kept…

Q: Differentiate between employer-sponsored pension plans and self-directed retirement plans

A: Both employer-sponsored pension plans and self-directed retirement plans have some underlying…

Q: If a pension plan is both contributory and qualified, it is

A: First let us understand the key terms in the question. Pension plan- A Pension plan is an…

Q: A Defined Benefit Plan defines the following: O A. Your (employee) contributions to the plan O B.…

A: The employees work for an employer in exchange for a fixed salary per month, but the government has…

Q: ERISA serves to protect retirement benefits of which employees? Select one: a. Private sector, but…

A: Retirement benefits refer to the benefits that are payable as a pension scheme to the members at…

Q: What does the “pension asset” represent? Are you interviewing with a company whose pension plan is…

A: Pension Obligation: It refers to the commitment provided by the employer to pay its employees, the…

Q: Define prior service cost. How is it reported in the financial statements? How is it included in…

A: Pension:  A pension is a type of retirement plan in which an employer makes a contribution to a pool…

Q: What is overfunded pension plan?

A: Overfunded pension plan It is the company’s plan related to the retirement of an individual that has…

Q: Which of the following is true of defined benefit plans? Select

A: Under the defined benefit plans the employer contribute an amount and deduct an amount from the…

Q: What factors determine whether a pension plan is adequately capitalized or excessively capitalized?

A: A pension plan functions as a savings system for the retirement. If individual is employed, both…

Q: Qualified pension plans offer important tax benefits. What is the special tax treatment and what…

A: Definition:   Pension plan: It refers to a plan that is formulated to provide earnings to the…

Q: An employer invests money to establish a fund of money to pay future nonqualified deferred…

A: future nonqualified deferred compensation plan benefits received by an employee is not exempt from…