Exam 2024/2025 With 100% Correct Answers

ERISA defines the following as plan fiduciaries, except? {Ans: Plan accountant}A 401k plan has poor participation among the rank and file employees. As a plan advisor, all of the following recommendations could boost plan participation except {Ans: adding a profit-sharing contribution based on years of service}Spouses and lineal relatives of plan fiduciaries, such as children, are {Ans: parties in interest}ERISA participant rights and IRS maximum dollar amount contribution limits are found in the base plan document, not in the {Ans: adoption agreement}The form 5500, plan audit, and meeting minutes are not required to {Ans: be sent to participants.}Under ERISA, the Plan Admin has the following roles, except? {Ans: Redesigning the plan's employer matching contribution formula}