Question

When reviewing the Qualified Retirement Plan Services area, the OCC is concerned whether the quality of operational risk has been identified concerning all of the following EXCEPT:

a. employer securities or real property.
b. affiliated mutual funds and affiliated target-date funds.
c. non-publicly traded assets.
d. providing employee education to Plan Sponsors.

Answer 1

The correct answer is option d. providing employee education to Plan Sponsors.

Step-by-step explanation:

When the Office of the Comptroller of the Currency (OCC) is reviewing the Quality of Operational Risk in Qualified Retirement Plan Services, they assess various investment risks associated with the handling of retirement plans such as 401(k)s and 403(b)s. These risks include the investments in employer securities or real property, affiliated mutual funds and affiliated target-date funds, and non-publicly traded assets.

However, the provision of employee education to Plan Sponsors is typically not among the concerns related to the identification of operational risk.