SIE Exam Question 578: Answer and Explanation

Question: 578

Which of the following calculates the required amount of an employer's annual contribution to a defined benefit plan to ensure that current and future plan benefits are available to the participants?

• A. Administrator
• B. Actuary
• C. Broker
• D. Enrolled agent

Correct Answer: B

Explanation:

An actuary calculates the required amount of an employer's annual contribution to a defined benefit plan to ensure that current and future plan benefits are available to the participants.