Which of the Following Statements Applies to A $\underline{voluntary}$ Termination?
A)The Sponsor Has a Legal Liability Under ERISA for

question 59

Multiple Choice

Which of the following statements applies to a $\underline{voluntary}$ termination?

• A)The sponsor has a legal liability under ERISA for all accrued benefits.
• B)The sponsor has a legal liability under ERISA for all vested benefits but not for unvested benefits.
• C)The sponsor has a legal liability under ERISA only for PBGC-guaranteed benefits.
• D)None of the above statements apply to a voluntary termination.

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Definitions:

Average Daily Float

The average amount of uncollected funds in a bank account over a specified period.

Cheques

A document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Collection Delay

The period between when a company invoices its customers and when it actually receives payment, affecting the company's cash flow.

Amounts

Quantities or sums of money.