CPFA (Actual) Exam Solved 100% Correct (Set of 162 questions)

CPFA (Actual) Exam Solved 100% Correct (Set of 162 questions)
Question : Under the DOL regulation, many advisors to
retirement plans and their participants will be
CORRECT ANSWER: 3(21) fiduciaries. They will act
alongside other fiduciary service providers who are also not
necessarily named in the plan document but who exercise
discretionary control over plan provisions or plan
investments.
Question : The advisor should educate the
CORRECT ANSWER: plan sponsor about hiring fiduciary
service providers, including the different roles service
providers, including the different roles service providers may
take on within the plan, how to select a qualified candidate,
and the plan sponsor's ongoing responsibility to monitor
them.
Question : The fiduciary definition has two parts:
CORRECT ANSWER: who is a fiduciary to what extent the
person is a fiduciary Clarifying fiduciary status is arguably
incomplete without addressing both.

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