Karen, CFA, is the investment manager of a corporate pension plan. Under ERISA, she owes her fiduciary duty to: ()
A: The plan sponsor.
B: The firm’s shareholders.
C: The plan participants and beneficiaries.
D: None of the above.
A: The plan sponsor.
B: The firm’s shareholders.
C: The plan participants and beneficiaries.
D: None of the above.
举一反三
- One key reason a long-term financial plan is developed is because: A: the plan determines your financial policy. B: the plan determines your investment policy. C: there are direct connections between achievable corporate growth and the financial policy. D: there is unlimited growth possible in a well-developed financial plan. E: None of the above.
- The employee's contribution to a nonqualified pension plan cannot be deferred, an
- What is the pension expense for the following plan?“The plan requires the company to contribute $500 for each of its 1,000 employees. The plan hopes to accumulate enough funds so that each retiree receives $20,000 in the future; the company has no obligation to guarantee the investment returns." A: $500 B: $20,000 C: $500,000 D: $20,000,000
- The main objective of long-term financial planning models is to: A: determine the asset requirements given the investment activities of the firm. B: plan for contingencies or uncertain events. C: determine the external financing needs. D: All of the above. E: None of the above.
- Does your job come with a pension plan?