Which of the following statements is false? a. If there are changes to an individual’s circumstances, the retirement plan should be reviewed. b. When developing a retirement plan, one should ensure that he has contingency funds and sufficient insurance protection. c. To better achieve one’s retirement funding objectives, the funding plan should not be modified under any circumstances. d. Regular reviews on the plan should be conducted to ensure that the retirement funding objectives are met

Q: Provide strategies you can suggest that may assist in maximizing the age pension entitlement.

A: Retirement planning" is the process of preparing financially for a comfortable and secure…

Q: Qualified plan assets are placed into and held by a trust.  What can the trust distribute to the…

A: The definition of a qualified trust for purposes of this section is a trust established or organized…

Q: It pertains to a risk management technique when acquiring a life insurance. * risk avoidance risk…

A: One of the risk management technique is Risk Transfer where one party transfer the risk to another.…

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: Describe a private insurance. what is it? Discuss the primary strengths and advantages, and…

A: Private Insurance means an insurance plan which is not operated by the government. It comes under…

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: Pros and cons of long-term care insurance.   Discuss the pros and cons of long-term-care insurance.…

A: Long term care insurance: Long term care insurance means  an insurance that pays those costs that…

Q: Which of the following statements regarding the Patient Protection and Affordable Care Act (ACA) is…

A: Patient Protection and Affordable Care Act:- On March 23, 2010, the first part of the comprehensive…

Q: In a Defined Contribution Plan, the investor (you) will know EXACTLY what the balance of your plan…

A: Employees are provided number of plans for the retirement that provide the savings from tax…

Q: For the following definitions, indicate the type of trust being described by selecting the correct…

A: Blind Trust Life Insurance Trust Living (revocable) Trust Trust for minors

Q: Obligations for which the amount of the future sacrifice is so uncertain that it cannot be measured…

A: Obligations for which the amount of the future sacrifice is so uncertain that it cannot be measured…

Q: The most common way to perfect a security interest is by: Group of answer choices   -filing a…

A: In the event that the debtor becomes insolvent, a secured party perfects a security interest to…

Q: Which of the following statements regarding asset ceilings for overfunded and underfunded pension…

A: A firm retirement plan with more assets than obligations is known as an overfunded pension plan…

Q: look over the three most important components of the pension expense. The treatment of expected and…

A: Introduction  Companies account pension expense on accrual basis, accounting for pension plan…

Q: When planning life insurance coverage, you should differentiate between ongoing expenses and…

A: The question is based on the concept used in planning life insurance coverage, Life insurance policy…

Q: Amounts that come from accounts of unvested employees that can be directed/contributed to the…

A: Unvested stocks are those stocks that are set aside for the employees which has not been vested due…

Q: We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life…

A: Risk Management and Insurance Planning courses often delve into the intricate world of life…

Q: Under a deferred annuity owned by a nongrantor trust, how does the annuity's death benefit operate?…

A: The death benefit of an annuity is a feature that provides a benefit to the designated beneficiary…

Q: Please add a source to the question. If you do want to elect COBRA coverage, what are some important…

A: COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law that requires employers to…

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…

Employer Pension Plan

An employer pension plan is a retirement benefit provided by an employer to employees before or after they retire. Over the course of the employees' working lives, the employer should invest a lump sum or make monthly contributions to investment schemes in employees' names. It is the employer's legal responsibility to provide employees with retirement plans that support them with guaranteed financial security in retirement.