The ________ Requires Defined Contribution Plans Holding Publicly Traded Securities

question 29

Multiple Choice

The ________ requires defined contribution plans holding publicly traded securities to provide employees with at least three investment options other than employer securities.

• A)Pensions Act of 2008
• B)Health Insurance Portability and Accountability Act of 1996
• C)Consolidated Omnibus Budget Reconciliation Act of 1985
• D)Employee Retirement Income Security Act of 1974
• E)Pension Protection Act of 2006

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Definitions:

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.

Balance Sheet

A record that presents a summary of a business's assets, liabilities, and shareholders' equity at a given time.

Return on Assets

A financial ratio that measures the profitability of a company in relation to its total assets.

Net Income

The profit remaining after all expenses, taxes, and costs have been deducted from total revenue.