Question: PLEASE ANSWER IN 7-8 SENTENCES AND EXPLAIN YOUR REASONING!!! A defined contribution plan participant can often direct all or part of the account investments. If

PLEASE ANSWER IN 7-8 SENTENCES AND EXPLAIN YOUR REASONING!!!

A defined contribution plan participant can often direct all or part of the account investments. If the plan structure meets ERISA requirements, plan trustees are relieved of fiduciary responsibility for a participant's choice of investments. In plans like these what responsibility, if any, should employers have for providing an employee with basic education in investing, including evaluating investment performance, understanding the consequences of investment choices, and estimating the total amount needed to fund the employee's retirement goals

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Business Problem: We all know that Health care is very important domain in the market. It is directly linked with the life of the individual; hence we have to be always be proactive in this...

Q1. review case study #1 Understanding Your Employee Benefits: Investing in your Retirement found on page 123 of your textbook. Please post your answers to the two questions found at the end of the...

Question 1 Who are Nypro's customers? What are their needs? Question 2 Besides its ESOP, what are Nypro's strengths and weaknesses? How do these strengths and weaknesses affect its ability to meet...

For this DISCUSSION, please ANSWER THE FOLLOWING QUESTION: A defined contribution plan participant can often direct all or part of the account investments. If the plan structure meets ERISA...

please read the first 3 pictures. the wueetion is in the 4th and last image. thank you! 401(k) Plan Investments in "Cryptocurrencies" U.S. Department of Labor Employee Benefits Security...

The Balance Sheet Referencing this week?s readings and lecture, what information is provided in the balance sheet? What is a common-sized balance sheet and how do you create one? For your final...

Choose the correct/best answer. Please do follow the page numbering ,thank you. Statement I: If an actuarial valuation has not been prepared at the date of the financial statements, the most recent...

According to the article "FamilyMart:Internet Plus Strategy" provided below, please answer the following questions in detail: a. What is the best plan of action if FamilyMart is to engage in online...

Question 1.Which of the following plans provide the greatest immediate tax benefit for the participating employee? (1) Roth IRA (2) deductible IRA (3) non-deductible IRA (4) 401(k) a. (1) and (3)...

ber81438_exr_001-068.qxd 8/11/09 7:38 PM Page 51 EXERCISE 10.3: D EVELOPING AN E MPLOYEE B ENEFITS P ROGRAM * Overview Chapter 10 provides an overview of types of employee benefits programs. The...

You were hired as an analyst to develop a new information system to automate the sales transactions and manage inventory for each retail store in a large Automobile-Parts chain. The proposed system...

Assume a company required production in units for April are 83000 unit. The direct labor hours required per unit is 1.50 and the direct labor wage rate is 16$ per hour. What is the budgeted direct...

A cross - sectional study by Ursula Staudinger found that for adults from 8 5 to 1 0 5 years of age was most important in terms of personal imvestment. work health family friends

O Book Print erences ! Required information [The following information applies to the questions displayed below.] Check my work Global Marine obtained a charter from the state in January that...