5. If the sum of contributions and return on those contributions investments determines the pension plan benefits, it is a ____ plan.

A. defined benefit B. defined contribution C. beneficiary D. guarantor-insured E. matched funding

6. An employee retained her companys pension plan benefits rights when she quit the firm. She must have been _______________.

A. a defined contributor B. guaranteed C. insured D. invested E. vested

7. The PBGC is:

A. a government-sponsored insurance plan for pension funds. B. a law governing pensions in the U.S. C. the government designation given to defined contribution plans. D. the largest pension plan for government employees in the U.S. E. the largest private pension fund in the U.S.

8. Which of the following was not established by ERISA?

A. Insurance for pension plan participants B. Maximum vesting times C. Minimum funding requirements D. Minimum payouts for defined contribution plans E. Prudent man rule applies to qualified Pension Plans