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KNOWLEDGE CHECK

Defined benefit plans
Using the work of an actuary

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* DB plan actuarial valuations are prepared for different purposes and may use different actuarial methods and assumptions. There may be at least three different valuations performed annually for a single plan. Which one of the following is Not one of the various purposes?

A valuation for determining the ERISA and IRS minimum funding requirement.

A valuation for determining the fair value of the investments on the statement of net assets available for benefits.

A valuation for determining the pension obligation and the expense recorded in the plan sponsor's financial statements.

A valuation for determining the pension obligation recorded or disclosed in the plan's financial statements.

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KNOWLEDGE CHECK

Defined benefit plans Using the work of an actuary

Defined benefit plans Using the work of an actuary

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Defined benefit plans
Using the work of an actuary

Defined benefit plans
Using the work of an actuary