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1.        Individuals that are self-employed may participate in Financial Institution-administered

retirement accounts that offering tax-deferred benefits. These are _________________.  

A.    401(k)

B.     403(b)

C.     defined benefit plan

D.    Keogh account

E.     traditional IRA

2.        A(n) ______________ is an employer-offered supplemental retirement plan in which the employee chooses how funds are invested.

A.    401k plan

B.     defined benefit plan

C.     Roth IRA

D.    traditional IRA

E.     under-funded plan

3.        For an employee to retain her company's pension benefits rights should she leave the firm, she must be _______________ .

A.    a defined contributor

B.     guaranteed

C.     insured

D.    invested

E.     vested

4.        If a pension plan sponsor promises an employee a specific schedule of benefits upon retirement, the plan is a(n) _______________.

A.    401k plan

B.     defined contribution plan

C.     defined benefit plan

D.    insured pension plan

E.     under-funded plan

5.        Key Federal legislation passed in 1974 concerning the administration of pension plans is the ____________ .

A.    ERISA

B.     Financial Services Modernization Act

C.     Keogh Act

D.    PBGC Act

E.     Roth Act 

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