CEBS - RPA 2 EXAM| Verified Brand
New Exam Questions with 100%
Correct Clear Verified Answers| All
Graded A+|Latest Premium
Update|100% Guaranteed Success.
Premature distributions from IRAs exempt from penalty if: - Answer✅✅Distribution
occurred b/c of IRS levy on account to pay taxes.
IRA qualified distributions include: - Answer✅✅Attained age 59 1/2; disabled; died
and payment made to beneficiary or estate; pay first-time home buyer expenses, not
to exceed $10k.
Term used to describe condition that occurs b/c of different accrual patterns when
traditional DB plan converted to cash balance plan: - Answer✅✅Pension wear away
Section 409A - Answer✅✅IRC mandate that income from deferred comp
arrangements not be deferred beyond year in which comp is earned.
Qualified retirement plans required to have fidelity bond covering what %? -
Answer✅✅10%
Dollar cost averaging - Answer✅✅Involves investing the same amount of money on
periodic basis, whether over- or under-priced.
Vesting provisions of executive retirement arrangements: - Answer✅✅varies
depending on intent of executive arrangement
, Excess contribution to IRA subject to nondeductible excise tax of: - Answer✅✅6%
Nonworking spouse may establish IRA using what types of payment as basis for
eligibility? - Answer✅✅Earned income of working spouse
Fiduciary liable for duly appointed and monitored investment mgr if performance of
plan below benchmark? - Answer✅✅Not liable since investment mgmt svcs
delegated
Typical range for % of earnings credited under % of earnings per year formula? -
Answer✅✅1% to 1.25%
Tax treatment of NQSO (NQ stock options) for ER: - Answer✅✅ER gets corporate
income tax deduction for amount of comp income EE realizes at exercise of option.
Penalty for failure to make required distribution of at least correct amount from
qualified retirement plan: - Answer✅✅Nondeductible excise tax of 50%
EEs w/drawing contributions from SIMPLE IRA during initial two-year period, subject
to penalty of: - Answer✅✅25%
When qualified plan hold ER securities, max amount for fidelity bond is: -
Answer✅✅Increased by a significant amount
Taxable amount received before 59 1/2 from qualified plan subject to additional
penalty of: - Answer✅✅10%
Surge in investments returns on accumulated pension assets will have what effect
on projected plan costs? - Answer✅✅Reduction effect
Unfunded plan maintained by ER for purpose of providing deferred comp for a
select group of mgmt or HCEs is: - Answer✅✅Top-hat plan
SERP participation criterion most frequently used: - Answer✅✅Position and mgmt
status
Requirement of IRC integration w/ Social Security: - Answer✅✅That the combined
retirement income does not discriminate in favor of HCEs on % basis
Retirement plan committee charged w/: - Answer✅✅Making all decisions
necessary regarding administration of retirement plan
Highest annual return and greatest volatility? - Answer✅✅Common stocks
Normal retirement age 65, but not to occur later than: - Answer✅✅Fifth
anniversary participant's date of initial participation
New Exam Questions with 100%
Correct Clear Verified Answers| All
Graded A+|Latest Premium
Update|100% Guaranteed Success.
Premature distributions from IRAs exempt from penalty if: - Answer✅✅Distribution
occurred b/c of IRS levy on account to pay taxes.
IRA qualified distributions include: - Answer✅✅Attained age 59 1/2; disabled; died
and payment made to beneficiary or estate; pay first-time home buyer expenses, not
to exceed $10k.
Term used to describe condition that occurs b/c of different accrual patterns when
traditional DB plan converted to cash balance plan: - Answer✅✅Pension wear away
Section 409A - Answer✅✅IRC mandate that income from deferred comp
arrangements not be deferred beyond year in which comp is earned.
Qualified retirement plans required to have fidelity bond covering what %? -
Answer✅✅10%
Dollar cost averaging - Answer✅✅Involves investing the same amount of money on
periodic basis, whether over- or under-priced.
Vesting provisions of executive retirement arrangements: - Answer✅✅varies
depending on intent of executive arrangement
, Excess contribution to IRA subject to nondeductible excise tax of: - Answer✅✅6%
Nonworking spouse may establish IRA using what types of payment as basis for
eligibility? - Answer✅✅Earned income of working spouse
Fiduciary liable for duly appointed and monitored investment mgr if performance of
plan below benchmark? - Answer✅✅Not liable since investment mgmt svcs
delegated
Typical range for % of earnings credited under % of earnings per year formula? -
Answer✅✅1% to 1.25%
Tax treatment of NQSO (NQ stock options) for ER: - Answer✅✅ER gets corporate
income tax deduction for amount of comp income EE realizes at exercise of option.
Penalty for failure to make required distribution of at least correct amount from
qualified retirement plan: - Answer✅✅Nondeductible excise tax of 50%
EEs w/drawing contributions from SIMPLE IRA during initial two-year period, subject
to penalty of: - Answer✅✅25%
When qualified plan hold ER securities, max amount for fidelity bond is: -
Answer✅✅Increased by a significant amount
Taxable amount received before 59 1/2 from qualified plan subject to additional
penalty of: - Answer✅✅10%
Surge in investments returns on accumulated pension assets will have what effect
on projected plan costs? - Answer✅✅Reduction effect
Unfunded plan maintained by ER for purpose of providing deferred comp for a
select group of mgmt or HCEs is: - Answer✅✅Top-hat plan
SERP participation criterion most frequently used: - Answer✅✅Position and mgmt
status
Requirement of IRC integration w/ Social Security: - Answer✅✅That the combined
retirement income does not discriminate in favor of HCEs on % basis
Retirement plan committee charged w/: - Answer✅✅Making all decisions
necessary regarding administration of retirement plan
Highest annual return and greatest volatility? - Answer✅✅Common stocks
Normal retirement age 65, but not to occur later than: - Answer✅✅Fifth
anniversary participant's date of initial participation
