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Sample CRSP Exam Questions

The following questions are representative of the types of questions you will find on the examination.

1. Which of the following does NOT have an ERISA prohibited transaction class exemption?

a. Loans to plan participants made in accordance with statutory limitations
b. The sale, exchange or lease of plan assets between a plan and a party in interest
c. Loans to an ESOP provided that the interest rate is not in excess of a reasonable interest rate
d. The investment of plan assets in a collective fund administered by the trustee

2. The MINIMUM number of funds necessary to meet ERISA Section 404[c] is:

a. 2
b. 3
c. 4
d. 5

3. Which of the following mutual fund types is generally inappropriate for participant investing within a qualified retirement plan?

a. Municipal Bond Fund
b. Equity Income Fund
c. Equity Value Fund
d. Fixed Income Fund

Answer Key:

1. b
2. b
3. a

​Questions? Please contact ABA Certifications for more information.