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Author Question: Which one of the following statements does not describe a defined benefits plan? (a) funded by a ... (Read 91 times)

P68T

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on: Jul 7, 2018
Which one of the following statements does not describe a defined benefits plan?
 
  (a) funded by a specified payment to the account of each participant
  (b) includes a formula that defines the benefit an employee is to receive
  (c) annual contribution by employer made on an actuarial basis
  (d) employees can be required to contribute to the plan

Question 2

Which one of the following statements is not true regarding Supplementary Executive Retirement Plans (SERPs)?
 
  (a) plans seldom make any contractual requirements on recipient
  (b) plans are unfunded
  (c) frequently funds are made available through employer's own insurance policies
  (d) employer retains control of plan assets


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lou

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Reply #1 on: Jul 7, 2018
Answer to Question 1

a

Answer to Question 2

a


P68T

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Reply #2 on: Jul 7, 2018
Thank you


lou

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Reply #3 on: Jul 7, 2018
No problemo


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