QKC Exam - Prohibited Transactions
questions with verified solutions
graded A+ 2025/2026
disqualified person - CORRECT ANSWER ✔✔-fiduciary
-service provider
-employer
-union representative
-substantial owner
-substantially owned organization
-officer, director, 10% shareholder, HCE
service provider - CORRECT ANSWER ✔✔person providing services to the plan
union representative - CORRECT ANSWER ✔✔employee's representative
substantial owner - CORRECT ANSWER ✔✔owner of 50% or more of an employer
substantially owned organization - CORRECT ANSWER ✔✔corporation, partnership, trust or
estate owned 50% or more by substantial owner
disqualified person family memebrs - CORRECT ANSWER ✔✔-spouse
-siblings
-ancestor
-lineal descendant
questions with verified solutions
graded A+ 2025/2026
disqualified person - CORRECT ANSWER ✔✔-fiduciary
-service provider
-employer
-union representative
-substantial owner
-substantially owned organization
-officer, director, 10% shareholder, HCE
service provider - CORRECT ANSWER ✔✔person providing services to the plan
union representative - CORRECT ANSWER ✔✔employee's representative
substantial owner - CORRECT ANSWER ✔✔owner of 50% or more of an employer
substantially owned organization - CORRECT ANSWER ✔✔corporation, partnership, trust or
estate owned 50% or more by substantial owner
disqualified person family memebrs - CORRECT ANSWER ✔✔-spouse
-siblings
-ancestor
-lineal descendant
