Please kindly answer the 2 following questions: 5 )For your 401k account, if you
ID: 2613451 • Letter: P
Question
Please kindly answer the 2 following questions:
5 )For your 401k account, if you can contribute up to 3% of your annual salary and your company will match 100% of your contribution, this is a type of ____________.
Noncontributory plan
Contributory plan
Fully contributory plan
None of the above
6)
Which of the following fee is applied to all mutual funds?
Front-end load
Back-end load
12b-1 fee
Advisory fee
A.Noncontributory plan
B.Contributory plan
C.Fully contributory plan
D.None of the above
Explanation / Answer
1)none of the above
2)advisory fee