Cpfa practice exam - Study guides, Class notes & Summaries

CPFA License Exam- (Certified Plan Fiduciary Advisor) (Online Practice Questions) Solved Correctly!!

CPFA Exam Study Guide Under the DOL regulation, many advisors to retirement plans and their participants will be - 3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - plan sponsor about hiring fiduciary service providers, including the different roles service providers, including the different ...

CPFA Exam with Verified Solutions Latest A) A TPA performs annual compliance testing. - Answer -Which statement regarding service providers is TRUE? A) A TPA performs annual compliance testing. B) A recordkeeper has the legal obligation to provide an interpretation of a plan provision. C) An accountant processes the "money out" for a participant account. D) A plan advisor is responsible for drafting annual safe harbor notices. A) Provides efficient contribution and distribution processe...

CPFA Exam WRITTEN PRACTICE SOLUTION.

CPFA (Actual) Exam Latest Update with Correct Solutions Under the DOL regulation, many advisors to retirement plans and their participants will be - Answer - 3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - Answer -plan sponsor about hiring fiduciary service providers, including the different r...

CPFA EXAM 2 VERSIONS WITH VERIFIED QUESTIONS AND  ANSWERS RATED A+ Which of the following reports can be used in measuring plan effectiveness and participant  outcomes? A) Number of terminated participants who elected to roll their accounts into IRAs. B) Average deferral rate of participants in the plan. C) Independent accountant's required annual audit of the plan. D) Summary Annual Report. - B) Average deferral rate of participants in the plan. All of the following are benefits of...

CPFA License Exam- (Certified Plan Fiduciary Advisor) (Online Practice Questions) with Answers.

CPFA License Exam | (Certified Plan Fiduciary Advisor) Practice Questions What are the 4 basic fiduciary standards under the Fiduciary Standard of Care? (Section 404) 1.) Loyalty - (Exclusive purpose rule - Providing benefits to participants and their beneficiaries; and defraying reasonable expenses of administering the plan) 2.) Prudence - (Act with prudence by investigating before making any plan decisions, documenting the decision-making process, hiring experts when they don't possess ...

CPFA EXAM 2 VERSIONS WITH VERIFIED QUESTIONS AND ANSWERS RATED A+ Which of the following reports can be used in measuring plan effectiveness and participant outcomes? A) Number of terminated participants who elected to roll their accounts into IRAs. B) Average deferral rate of participants in the plan. C) Independent accountant's required annual audit of the plan. D) Summary Annual Report. - B) Average deferral rate of participants in the plan. All of the following are benefits of p...