SIE Exam Question 777: Answer and Explanation

Question: 777

Which of the following government agencies are responsible for monitoring qualified retirement plan rules and eligibility?

• A. ERISA and the IRS
• B. ERISA and the PBGC
• C. IRS and the Department of Labor
• D. IRS and the PBGC

Correct Answer: C

Explanation:

The two government agencies responsible for monitoring qualified retirement plan rules and eligibility are the IRS and the Department of Labor.