Читать книгу Auditing Employee Benefit Plans - Josie Hammond - Страница 28

1 Common examples of defined contribution pension plans are which of the following?Profit-sharing plans, 401(k) plans, cash balance plans.403(b) plans, employee stock ownership plans, cafeteria plans.Cash balance plans, cafeteria plans and collectively bargained plans.Profit-sharing plans, employee stock ownership plans, 403(b) plans.

2 Which type of plan is subject to universal availability eligibility requirement?401(k).401(h).403(b).401(a).

3 If an ERISA welfare plan is considered funded, which of the following consequences results?The plan becomes subject to ERISA audit requirements.All assets must be held in a custodial account.The plan is subject to vesting and distribution notices.The plan is exempt from ERISA as long as there are sufficient funds to cover the benefit obligation.