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Please answer all 3 questions! 6. A retirement account specifically designed for a self-employed person and their employees is a A) Roth IRA B) Traditional
Please answer all 3 questions! 6. A retirement account specifically designed for a self-employed person and their employees is a A) Roth IRA B) Traditional IRA C) Keogh Plan. D) Penny Benny E) Public Pension plan 7. ERISA established all of the following EXCEPT: A) The "prudent man rule" for management of pension fund reserves B) Maximum vesting times C) Minimum funding requirements for defined benefit plans D) Insurance for pension plan participants through the PBGC E) Minimum payouts for defined contribution plans 8. Under the Employee Retirement Income Security Act (ERISA), the maximum time period allowed until an employee is eligible to receive pension benefits from an employer is A) 5 B) 8 C) 10 D) 12 E) 15
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