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CEBS RPA 2 EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
Premature distributions from IRAs exempt from penalty if: - (answers)Distribution
occurred b/c of IRS levy on account to pay taxes.
IRA qualified distributions include: - (answers)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: - (answers)Pension wear
away
Section 409A - (answers)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 %? -
(answers)10%
Dollar cost averaging - (answers)Involves investing the same amount of money on
periodic basis, whether over- or under-priced.
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Vesting provisions of executive retirement arrangements: - (answers)varies
depending on intent of executive arrangement
Excess contribution to IRA subject to nondeductible excise tax of: - (answers)6%
Nonworking spouse may establish IRA using what types of payment as basis for
eligibility? - (answers)Earned income of working spouse
Fiduciary liable for duly appointed and monitored investment mgr if performance
of plan below benchmark? - (answers)Not liable since investment mgmt svcs
delegated
Typical range for % of earnings credited under % of earnings per year formula? -
(answers)1% to 1.25%
Tax treatment of NQSO (NQ stock options) for ER: - (answers)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: - (answers)Nondeductible excise tax of 50%
EEs w/drawing contributions from SIMPLE IRA during initial two-year period,
subject to penalty of: - (answers)25%
CEBS RPA 2 EXAM 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
Premature distributions from IRAs exempt from penalty if: - (answers)Distribution
occurred b/c of IRS levy on account to pay taxes.
IRA qualified distributions include: - (answers)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: - (answers)Pension wear
away
Section 409A - (answers)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 %? -
(answers)10%
Dollar cost averaging - (answers)Involves investing the same amount of money on
periodic basis, whether over- or under-priced.
, 2|Page
Vesting provisions of executive retirement arrangements: - (answers)varies
depending on intent of executive arrangement
Excess contribution to IRA subject to nondeductible excise tax of: - (answers)6%
Nonworking spouse may establish IRA using what types of payment as basis for
eligibility? - (answers)Earned income of working spouse
Fiduciary liable for duly appointed and monitored investment mgr if performance
of plan below benchmark? - (answers)Not liable since investment mgmt svcs
delegated
Typical range for % of earnings credited under % of earnings per year formula? -
(answers)1% to 1.25%
Tax treatment of NQSO (NQ stock options) for ER: - (answers)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: - (answers)Nondeductible excise tax of 50%
EEs w/drawing contributions from SIMPLE IRA during initial two-year period,
subject to penalty of: - (answers)25%
