Can you help with these 20 true/false questions about financial planning?

The entire firstyear plan contribution must be made in time for filing the employer's tax return (plus extensions) for the year in which the plan is adopted in order for the employer to take a deduction. True False From the perspective of an employee who is about to be covered by a new 401(k) plan, it is most beneficial if the plan begins to be funded at the end of the calendar year. True False A summary plan description (SPD) can be used as a marketing tool that emphasizes only the attractive features of the plan in order to persuade employees to join the plan. True False The SPD must specifically itemize any events that could result in a participant losing their benefits. True False The plan administrator is prohibited by ERISA from delegating any of his or her plan administration duties. True False A summary of material modification must be supplied if the plan changes its vesting schedule. True False The administrator of a definedbenefit plan need only report to the PBGC. True False For a domestic relations order to be qualified, it must name the parties and plan accounts involved, the amount of benefit to be paid, and the number of payments involved. True False The defeat of the Defense of Marriage Act (DOMA) in the Supreme Court has had no effect on retirement planning. True False If a compliance infraction is uncovered internally, then the company should simply fix the problem, but not alert regulators. True False A definedbenefit plan can be amended into a profitsharing plan. True False Plan's are often terminated because plan sponsors encounter economic headwinds that were not expected. True False The first step in terminating a definedcontribution plan is liquidating assets in preparation of making distributions. True False A plan that terminates without filing for an IRS determination letter may be at greater risk of an IRS audit. True False The Pension Benefit Guaranty Corporation (PBGC) collects premiums from definedbenefit and definedcontribution plans. True False Employers with a definedbenefit plan covered by the PBGC who do not meet the requirements for either astandard or distress termination cannot terminate their plans themselves. True False A certain employer has excess assets in their defined benefit plan. For this employer to qualify for the lower 20 percent penalty tax, the employer must allocate at least 50 percent of the excess assets to the participants. True False When singlepremium annuity contracts (SPACs) are issued, the insurance company takes over the employer's responsibility to make benefit payments. True False If 5 percent of the workforce is laid off, a partial termination has occurred and affected participants must become fully vested in their benefits. True False The PBGC has the power to involuntarily terminate a plan in specific circumstances. True False