AFP
CTP · Question #622
(Topic 7) Each of the following statements is true of both defined benefit plans and defined contribution plans EXCEPT:
The correct answer is B. both can be classified as overfunded or underfunded depending on the value of plan. See the full explanation below for the reasoning.
Question
- (Topic 7)
Each of the following statements is true of both defined benefit plans and defined contribution plans EXCEPT:
Options
- Aboth of the plans are typically structured as single-employer plans and maintained for
- Bboth can be classified as overfunded or underfunded depending on the value of plan
- Cthe treasurer is normally responsible for overseeing the performance of the plan fund
- Dthe Pension Protection Act of 2006 includes significant changes to the rules governing
How the community answered
(21 responses)- A10% (2)
- B81% (17)
- C5% (1)
- D5% (1)
Community Discussion
No community discussion yet for this question.