jurgis is an insurance agent and he meets with his client Dominic, Dominic works in the...

 

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jurgis is an insurance agent and he meets with his client Dominic, Dominic works in the human resources department of Edgepoint Systems Inc. Edgepoint is in the process of implementing a group savings plan and has narrowed down the selection to two choices: A defined contribution pension plan (DCPP), and a deferred profit sharing plan (DPSP).When Dominic asks Jurgis to explain the two types of plans, which of the following explanations is CORRECT? i. Only Edgepoint will make contributions to a DPSP, not the plan members.. il. Only Edgepoint will make investment decisions in a DCPP, not the plan members. ili. Plan members may withdraw from a DPSP at any time after the vesting period,, but not from a DCPP. iv. The retirement benefit for both a DCPP and a DPSP is determined by a formula. i and ii Oa) Ob) i and iv ii and ii Od) ii and iv jurgis is an insurance agent and he meets with his client Dominic, Dominic works in the human resources department of Edgepoint Systems Inc. Edgepoint is in the process of implementing a group savings plan and has narrowed down the selection to two choices: A defined contribution pension plan (DCPP), and a deferred profit sharing plan (DPSP).When Dominic asks Jurgis to explain the two types of plans, which of the following explanations is CORRECT? i. Only Edgepoint will make contributions to a DPSP, not the plan members.. il. Only Edgepoint will make investment decisions in a DCPP, not the plan members. ili. Plan members may withdraw from a DPSP at any time after the vesting period,, but not from a DCPP. iv. The retirement benefit for both a DCPP and a DPSP is determined by a formula. i and ii Oa) Ob) i and iv ii and ii Od) ii and iv

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Defined contribution Pension Plan DCPP are one of the most popular type of occupat... View the full answer