Question

In: Accounting

All the following statements concerning mutual fund investments for qualified plans are correct, EXCEPT: (A)​The availability...

All the following statements concerning mutual fund investments for qualified plans are correct, EXCEPT:

(A)​The availability of participant-directed investments relieves the sponsor of all fiduciary liability.

(B)​Management and acquisition fees are important factors.

(C)​Debt portfolios may be used in addition to equity-based funds.

(D)​Both small and large plans can participate in mutual fund investments.

Solutions

Expert Solution

Answer:-

(A) The avaiability of participant-directed investments relieves the sponsor of all fiduciary liability.

ekkarill92 answered 2 years ago
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