1.Individuals that are self-employed may participate in
Financial Institution-administered retirement accounts that
offering tax-deferred benefits. These are
________A. 401(k)
C. defined benefit plan and
D. Keogh account
2. A(n) ______________ is an employer-offered supplemental
retirement plan in which the employee chooses how funds are
invested.
B. defined benefit
plan
3. For an employee to retain her company’s pension benefits
rights should she leave the firm, she must be _______________ .
D.Vested
4. If a pension plan sponsor promises an employee a
specific schedule of benefits upon retirement, the plan is a(n)
_______________.
C. defined benefit
plan
5. Key Federal
legislation passed in 1974 concerning the
administration of pension plans is the ____________ .
A. ERISA
