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Jurgis is an insurance agent and he meets with his client Dominic. Dominic works in the human resources department of Edgepoint Systems Ind Edgepoint is

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Jurgis is an insurance agent and he meets with his client Dominic. Dominic works in the human resources department of Edgepoint Systems Ind Edgepoint is in the process of implementing a group savings plan and has narrowed down the selection to two choices: A defined contribution pension plan (DCPP), and a deferred profit sharing plan (DPSP).When Dominic asks Jurgis to explain the two types of plans, which of the following explanations is CORRECT? i. Only Edgepoint will make contributions to a DPSP, not the plan members. 11. Only Edgepoint will make investment decisions in a DCPP, not the plan members. ili. Plan members may withdraw from a DPSP at any time after the vesting period, but not from a DCPP. iv. The retirement benefit for both a DCPP and a DPSP is determined by a formula. i and lii i and iv ii and iii ii and iv a) OC) Od)

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