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NEW QUESTION: 1
What is a target-benefit plan?
A. Requires an actual deferral-percentage test to be performed each year
B. Provides a means for employees to become owners of the company
C. Uses a fixed percentage of employee earnings to defer compensation
D. Uses actuarial formulas to calculate individual pension contribution amounts
Answer: D
Explanation:
Explanation/Reference:
Answer option D is correct.
A target benefit plan is a hybrid plan that has similarities to defined-benefit pension plans and money- purchase plans. These plans use actuarial formulas to calculate individual pension contribution amounts.
Deferral percentage tests (A) are required each year for 401(k) plans. An ESOP provides a means for employees to become owners of the company (B). A money purchase plan (C) defers a fixed percentage of employee earnings. See Chapter 6 for more information.
Chapter: Compensation and Benefits
Objective: Benefits
NEW QUESTION: 2
An organization implements a SAM program and collects software inventories on a defined schedule.
You need to ensure that software identification processes meet ISO 19770-1 Tier 4 specifications.
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 3
In TOGAF's Architecture Governance organizational structure, which group is chiefly responsible for implementation?
A. program management office
B. IT Operations
C. technical service management
D. Chief Information Officer/Chief Technology Officer
E. domain architects
Answer: A