Which of the following statements is NOT true with regards to the Employee Retirement Income Security Act (ERISA)?
A. ERISA is administered by the Department of Labor.
B. ERISA requires that pension plans be in writing.
C. ERISA requires that pension fund managers owe a fiduciary duty to act as a "prudent person" in managing the fund and investing its assets.
D. ERISA requires that at least 15 percent of a pension fund's assets be invested in the securities of the sponsoring employer.
Answer: D
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When a limited partnership is formed
A) the partnership activities are limited B) all partners have limited liability C) some of the partners have limited liability D) none of the partners have limited liability
Fundamental purposes of the principle of indemnity include which of the following? I. To reduce physical hazards II. To prevent the insured from profiting from insurance
A) I only B) II only C) both I and II D) neither I nor II
Which of the following statements about third-country nationals (TCNs) is false?
A. During rapid expansion, third-country nationals (TCNs) can offer different perspectives that can expand on the narrowly focused viewpoints of local nationals. B. Third-country nationals (TCNs) can often achieve corporate objectives more effectively than expatriates. C. During periods of rapid expansion, third-country nationals (TCNs) can substitute for expatriates in well-established operations. D. In joint ventures, third-country nationals (TCNs) can demonstrate a global image and bring unique cross-cultural skills to the relationship.
Whenever possible, automated system rules should mirror an organization's written policies
a. True b. False Indicate whether the statement is true or false