true or false

14. A defined-benefit plan will specify in the plan the amount required to be contributed each year to the trust? 15. The higher the investment return assumption the actuary makes the higher the annual contributions? 16. A trust for a qualified plan must be irrevocable? 17. Investment guidelines offer direction for the responsible parties, but they are not of much use to the fiduciary whose actions have been questioned. 18. A qualified plan that operates a business even as a partner in a partnership may be subject to the unrelated business income tax. 19. Once a participant in a 401k plan has earned an amount subject to a salary deferral election it is treated as a plan asset, and must be segregated from the employer's assets within a reasonable period of time; and put in an irrevocable trust. 20. One of the requirements of obtaining relief under the ERISA 404(c) individual account plan exception is that participants must be given the option to choose from among three different investments and one of the three can be the company stock. 21. A qualified retirement plan that has lent money to the sponsoring company has most likely engaged in a prohibited transaction. 22. A fiduciary is personally liable for any losses due to a breach in duty and can be liable for a breach by a co-fiduciary as well. 23. A summery plan description (SPD) can be used as a marketing tool that emphasizes only the attractive features of the plan to persuade employees to join the plan. 24. The Pension Benefit Guarantee Corporation (PBGC) collects compulsory premiums from defined-benefit and defines contribution plans. 25. A penalty tax applies to assets that revert back to the employer because of a defined benefit plan termination. 26. The PBGC has the power to involuntary terminate a plan in specific circumstances. 27. Non-qualified plans are generally more effective in attracting, retaining and motivating highly paid employees than are qualified plans. 28. In a non-qualified plan, taxes can generally be deferred if the deferred compensation is subject to a substantial risk of forfeiture. 29. A salary reduction plan is similar to a 401k plan because it restricts salary deferral to a stated dollar amount. 30. If the client is concerned about persuading an executive to stay with the corporation until retirement, a so-called golden-handcuffs provision should be incorporated into the plan