Saturday, April 20, 2013


This is a very good resource for CFP exam facts!  At http://www.examfacts.com they have an excellent study guide filled with basic exam facts for the CFP exam.  The book is also available at Amazon.com


Example Questions from the Exam Fact CFP Book:

Define the Difference b/t Target Benefit Plan & Age Weighted/Cross Tested PSP
Target Benefit must meet minimum funding standard, whereas PSP has flexibility


Define the DC Vesting Schedule
1) 3yr cliff

2) 2-6yr graded


If DC plan is top heavy then what?
Non-key participants must receive contribution of at least 3% of comp


PSP that cannot be integrated w/ SS with what?
ESOP


Age-Weighted PSP uses combo of ________ & _____________ as basis for allocating contributions
age & compensation




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