1Which of the following does not play a role in employer-sponsored retirement plans?

Select one:

a.

Fiduciary

b.

Trustee

c.

Employees/Participants

d.

Employer/Sponsoring Company

e.

All of the above play a role in employer-sponsored retirement plans

2

Investment options in the 401(k) retirement plan for Vandelay Industries, Inc. include a Fidelity Investments mutual fund traded daily on the New York Stock Exchange, and a quote for the mutual fund is available at Yahoo! Finance under the ticker symbol FXYYZ. This investment option is an example of what level asset?

Select one:

a.

Level 1

b.

Level 2

c.

Level 3

d.

Level 4