Dentaltown November 2020 - 78

continuing
education

Claim Your CE Credits

POST-TEST
Answer the test on the Continuing Education Answer Sheet and submit by mail or fax with a
processing fee of $36. Or answer the post-test questions online at dentaltown.com/tuchman-401k.
To view all online CE courses, go to dentaltown.com/onlinece and click the "View All Courses"
button. (If you're not already registered on Dentaltown.com, you'll be prompted to do so.
Registration is fast, easy and, of course, free.)

A fiduciary is a person or organization that:
A. Must not act in good faith and trust toward its client.
B. Doesn't hold any legal duty to its client.
C. Acts on behalf of another person or persons to manage assets
and is legally bound to act in their interest.
D. Isn't bound legally to act in its clients' best interests.

If your 401(k) plan provider does not act as a fiduciary for your
practice's 401(k), then who is the fiduciary for the policy?
A. The practice owner who established the plan.
B. The plan's participants.
C. No one.
D. The head of human resources.

How are brokers compensated?
A. Commission.
B. High and nontransparent fees.
C. A and B.
D. None of the above.
Fiduciaries are usually
A. More expensive.
B. Less expensive.
C. Less educated.
D. More educated.

than brokers.

Index funds tend to
actively managed funds.
A. More often than not outperform.
B. Slightly underperform.
C. Drastically underperform.
D. Perform the same as.

Actively managed funds tend to
A. Be less expensive than index funds.
B. Be more expensive than index funds.
C. Cost the same as index funds.
D. Come with low fixed fees.

Form 5500 is a short and easy document to complete.
A. True.
B. False.

Small businesses can be put off 401(k) plans due to:
A. High costs associated with reporting 401(k) plans.
B. Concerns over high fees linked to the management of the plan.
C. Concerns about the amount of time needed
to correctly manage a plan.
D. All of the above.

Modern fiduciary 401(k) plans can manage:
A. All of the required reporting and management of the plan.
B. How many employees decide to enroll in the plan.
C. The risk associated with running a 401(k) plan.
D. A and C.

10. Switching 401(k) plans involves terminating your
current plan and then setting up a new one.
A. True.
B. False.

Legal Disclaimer: The CE provider uses reasonable care in selecting and providing content that is accurate. The CE provider does not represent that the instructional materials are
error-free or that the content or materials are comprehensive. Any opinions expressed in the materials are those of the author of the materials and not the CE provider. Completing one
or more continuing education courses does not provide sufficient information to qualify participant as an expert in the field related to the course topic or in any specific technique or
procedure. The instructional materials are intended to supplement, but are not a substitute for, the knowledge, expertise, skill and judgment of a trained health-care professional.
Licensure: Continuing education credits issued for completion of online CE courses may not apply toward license renewal in all licensing jurisdictions. It is the responsibility of each
registrant to verify the CE requirements of his/her licensing or regulatory agency.

NOVEMBER 2020 // dentaltown.com

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Dentaltown November 2020

Table of Contents for the Digital Edition of Dentaltown November 2020