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Under the rules of ERISA, all private-employer sponsored retirement plans must:
Suggested Answer: D
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If Mrs. Newbie-Oldman and her new husband want her name on what was previously his account, she must obtain written authorization from her employer, Savvy Investments, and her new husband must provide his written authorization to Savvy. She is exempted from the proportional investment requirement as Mr. Oldman's spouse, but not from the written authorization requirements under FINRA Rule 2150.
34 comments · newest first
LA
Lamonica
11 months ago
D is not a requirement, just a common type of plan.
WI
Willow
11 months ago
C is misleading; vesting can vary by plan.
JO
Jodi
12 months ago
Wait, are you sure about that? Sounds too easy.
TH
Thomasena
12 months ago
Totally agree, A is the way to go!
AN
Antione
1 year ago
A is correct! Anyone over 21 can join.
VA
Valentin
1 year ago
I don't think all plans have to be defined contribution plans, so option D seems off to me.
GE
Gearldine
1 year ago
I practiced a question similar to this, and I feel like ERISA has specific rules about participation, so A might be correct.
JO
Joseph
1 year ago
I remember something about vesting schedules, but I can't recall if it specifically mentions seven years like in option C.
GI
Gilma
1 year ago
I think option A sounds familiar, but I'm not entirely sure if there are other age requirements involved.
AY
Ayesha
1 year ago
This seems straightforward. The ERISA rules require private-employer retirement plans to allow any employee 21 or older to participate, so A is the right answer here.
IV
Ivory
1 year ago
I'm a bit confused by this question. The ERISA rules seem to cover a lot of different requirements for retirement plans. I'll have to review my notes to make sure I understand the specifics before answering.
GL
Glory
1 year ago
Hmm, this is a tricky one. I'm not entirely sure about the ERISA requirements for private-employer retirement plans. I'll need to think this through carefully before selecting an answer.
LO
Louvenia
1 year ago
I'm pretty confident about this one. The ERISA rules require private-employer sponsored retirement plans to allow any employee to participate as long as they are at least 21 years old, so I'll go with option A.
SH
Shakira
1 year ago
Okay, I remember learning about ERISA in class. I believe the correct answer is that the plans must provide a specific vesting schedule where participants become 100% vested after 7 or fewer years of employment. So I'll go with option C.
OT
Otis
1 year ago
Hmm, I'm a bit unsure about this one. Should I use an Apex trigger or a record-triggered flow? I'll need to review the pros and cons of each approach to make sure I choose the best solution.
AR
Arlyne
1 year ago
Okay, let's see. The key seems to be understanding why the Routing Options are not displayed for this shipment.
QU
Queenie
1 year ago
Okay, I think I've got this. Based on the options provided, it seems like we need to use the `upload_dashboard_dictionary` function to load the fairness metrics into Azure ML Studio. I'll make sure to double-check the function name and implementation details.
DO
Doug
1 year ago
Okay, let me see. Purchasing insurance is all about transferring risk, so I'm going to go with option C.
AR
Argelia
1 year ago
Wait, is option A actually a trick question? I thought ERISA was all about protecting employees' retirement benefits, not excluding them.
DA
Darci
1 year ago
Option D can't be right, ERISA covers both defined benefit and defined contribution plans. I'm going with C as the answer.
WE
Wendell
1 year ago
Haha, option B is hilarious. Excluding employees who haven't been there for 5 years? That's not very inclusive, ERISA wouldn't allow that!
LO
Lorean
1 year ago
I disagree, I believe the correct answer is A. ERISA requires plans to allow participation for employees 21 and older, not 5 years of service.
MI
Mira
1 year ago
I agree with you, it's definitely not B. ERISA does not exclude employees based on years of service.
SH
Shalon
1 year ago
I'm pretty sure it's A. ERISA allows any employee 21 and older to participate in the retirement plan.
CL
Claudia
1 year ago
Actually, I believe it's D. ERISA mandates that plans must be defined contribution plans.
KE
Kenneth
1 year ago
I think the correct answer is C. ERISA requires a specific vesting schedule for participants.
RA
Raymon
2 years ago
That's a good point, Micaela. Defined contribution plans do align with ERISA regulations. I see your perspective now.
PE
Peggie
2 years ago
I think option C is the correct answer. ERISA requires a vesting schedule for retirement plans, and 7 years or fewer for full vesting seems reasonable.
MI
Millie
1 year ago
I believe ERISA aims to protect employees' retirement benefits.
BE
Bernadine
2 years ago
I'm not sure, but I think option A is also a possibility.
AN
Angelyn
2 years ago
I think it makes sense for employees to be fully vested after 7 years.
MA
Maryln
2 years ago
I agree, option C does seem like the correct answer.
MI
Micaela
2 years ago
I disagree, I believe the answer is D. Defined contribution plans are a requirement under ERISA for private-employer sponsored retirement plans.
RA
Raymon
2 years ago
I think the answer is C, because it makes sense for employees to become fully vested after a certain number of years.