Chapter 19 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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9th Edition College Course Materials Deanna L. Sharpe, Ph.D., CFP®, CRPC®, CRPS® Associate Professor CFP® Program Director Personal Financial Planning Department University of Missouri-Columbia Please Note : Correct answers for each question are indicated in bold type. After each question, the number of the page containing information relevant to answering the question is given. When a calculation is necessary or the reasoning behind a given answer may be unclear, a brief rationale for the correct answer is also given. Part A: Retirement Planning Defined Contribution Plans Chapter 19: Section 401(k) Plan True/False 19.1 Employees can elect a salary reduction to fund their 401(k) plan either before or within a month after compensation is earned. 19.2 Employers match employee contributions to 401(k) plans to increase participation and help the plan meet nondiscrimination requirements. 19.3 Employees can make in-service withdrawals from their 401(k) plans Answers: 19.1 false [p. 182] 19.2 true [p. 183] 19.3 true [p. 184] Multiple Choice 19.4 Disadvantages of a 401(k) plan include: a. benefits are not an adequate source of retirement income for those entering the plan
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This note was uploaded on 01/30/2012 for the course INS INS 3503 taught by Professor Tammimetz during the Fall '11 term at Mississippi State.

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Chapter 19 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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