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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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