Question
1.Individuals that are self-employed may participate in Financial Institution-administered retirement accounts that offering tax-deferred benefits.These are _________________. A.401(k) B.403(b) C.defined benefit plan D.Keogh account E.traditional
1.Individuals that are self-employed may participate in Financial Institution-administered retirement accounts that offering tax-deferred benefits.These are _________________.
A.401(k)
B.403(b)
C.defined benefit plan
D.Keogh account
E.traditional IRA
2.A(n) ______________ is an employer-offered supplemental retirement plan in which the employee chooses how funds are invested.
A.401k plan
B.defined benefit plan
C.Roth IRA
D.traditional IRA
E.under-funded plan
3.For an employee to retain her company's pension benefits rights should she leave the firm, she must be _______________ .
A.a defined contributor
B.guaranteed
C.insured
D.invested
E.vested
4.If a pension plan sponsor promises an employee a specific schedule of benefits upon retirement, the plan is a(n) _______________.
A.401k plan
B.defined contribution plan
C.defined benefit plan
D.insured pension plan
E.under-funded plan
5.Key Federal legislation passed in 1974 concerning the administration of pension plans is the ____________ .
A.ERISA
B.Financial Services Modernization Act
C.Keogh Act
D.PBGC Act
E.Roth Act
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