Which statement regarding A) A TPA performs annual compliance testing.
service providers is TRUE?
A) A TPA performs annual
compliance testing.
B) A recordkeeper has the
legal obligation to provide
an interpretation of a plan
provision.
C) An accountant processes
the "money out" for a
participant account.
D) A plan advisor is
responsible for drafting
annual safe harbor notices.
,Which statement regarding A) Provides efficient contribution and distribution
bundled service processes.
arrangements is TRUE?
A) Provides efficient
contribution and
distribution processes.
B) Requires less fiduciary
oversight than an
unbundled service
arrangement.
C) Permits for specific
single provider within the
arrangement to be easily
removed and replaced with
another provider.
D) Typical arrangement
involves a TPA and an
insurance company.
,Based on behavioral A) Combining auto-enrollment with targeted education.
finance research, which of
the following is a best
practice for producing
successful participant
outcomes?
A) Combining auto-
enrollment with targeted
education.
B) Adding a self-directed
brokerage option.
C) Re-enrolling all
participants into equity
investments.
D) Offering group meetings
that focus on participants'
rational decision making.
, Company ABC and C) DEF has the right to "opt out" and be excluded from
Company DEF are the related group.
determined to be part of a
related group of
companies. All the
following are TRUE except:
A) The employees of both
ABC and DEF may end up
participating in one plan.
B) ABC may be required to
make contributions for its
employees into DEF's plan.
C) DEF has the right to "opt
out" and be excluded from
the related group.
D) If DEF adopts a plan,
ABC employees may be
eligible for the plan.
Which of the following plan A) Adding an employer matching contribution equal to
designs may result in better 25% up to 12% of compensation deferred.
participant deferral
behavior?
A) Adding an employer
matching contribution
equal to 25% up to 12% of
compensation deferred.
B) Adding a 3% nonelective
safe harbor contribution.
C) Adding a 1,000 hours of
service requirement to
receive the employer
matching contribution.
D) Adding a profit-sharing
contribution.
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