Question 17: Which of these is NOT a regulation set forth within ERISA?Answer:A.Employees must be provided with pertinent retirement plan information.В.Employers are required to offer retirement plans.C.Fiduciaries of the retirement plan may be held accountable for breaches of responsibility.D.There are specific timeframes over which retirement plan benefits become nonforfeitable.

ERISA refers the Employee Retirement Income Security Act which is a federal law that sets minimum…

Question 17: Which of these is NOT a regulation set forth within ERISA? Answer: A. Employees must be provided with pertinent retirement plan information. В. Employers are required to offer retirement plans. С. Fiduciaries of the retirement plan may be held accountable for breaches of responsibility. D. There are specific timeframes over which retirement plan benefits become nonforfeitable.

Question 17: Which of these is NOT a regulation set forth within ERISA? Answer: A. Employees must be provided with pertinent retirement plan information. В. Employers are required to offer retirement plans. С. Fiduciaries of the retirement plan may be held accountable for breaches of responsibility. D. There are specific timeframes over which retirement plan benefits become nonforfeitable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Under IFRS, the amounts of long-term employment benefits, such as paid absences and unrestricted sabbaticals, as well as short-term benefits during employment, such as sick leave and vacation pay, are often estimates that need to be remeasured. How are these remeasurements reflected on the financial statements? O Both are included in other comprehensive income. O Remeasurements of long-term employment benefits are included in other comprehensive income, while remeasurements of short-term benefits are included in net income O Both are included in net income. O Remeasurements of long-term employment benefits are included in net income, while remeasurements of short-term benefits are included in other comprehensive income.
12-Under ERISA , if requested in writing , what information must the administrator of the pension fund supply to the participants ?
Determine if this shall result in recognition of liabilities 5. signing of employment contract by a new employee a. yes b. no
What's the answer is correct?!
employee’s employment as a result of either: I. An entity’s decision to terminate an employee’s employment before the normal retirement date. II. An employee’s decision to accept an offer of benefits in exchange for the termination of employment. III. An employee’s decision to terminate an employee’s employment before the normal retirement date. IV. An entity’s decision to accept an offer of benefits in exchange for the termination of employment. III and IV I and III II and IV I and II
Which of the following is an indicator that an employee benefit is provided in exchange for services? the benefit is provided in accordance with the terms of an employee benefit plan the benefit is conditional on future service being provided either of the choices both of the choices
Question 5 Answer for (a) and (b)
2. Please give two examples of withholdings from employees' pay and explain whether your selected withholdings are considered required or voluntary.
Discuss the role that pension funds play in company pension plans. What benefits accrue to companies who elect to use pension funds? How does the use of a pension fund change the accounting that must be done with respect to employee pension amounts?
question 38 choose the correct answer from the choices
Question 11: Total taxes before adjustments are $7,803.15 and total deposits for the quarter are $7,803.17, and the difference between the amounts is due to rounding. On what line of Form 941 is the difference recorded? Answer: A. O 7 (Current quarter's adjustment for fractions of cents) В. O 11d (Total nonrefundable credits) C. O 13b (Reserved for future use) D. O Differences less than a dollar are not recorded on Form 941.