
SFRP Feb 2023 Knowledge Check
Authored by Breanne Akers
Professional Development
Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
RT's should be opened for API issues.
True
False
Answer explanation
API issues that are not able to be resolved by the rep should be emailed to OB (PPS team) or the lead alias.
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the CalSavers and ILSC EIN for tax purposes?
45-0404698
45-0407628
78-9815123
99-080706
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Panviva is the knowledge source that replaced SharePoint as of 1/31.
True
False
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Only employers that now offer a Qualified Retirement Plan can be reset to invited to be able to exempt.
True
Flase
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
1099R tax forms were promoted to the web:
IL 2/15, CA 2/16
IL 1/1, CA 1/2
Il 1/30, CA 1/31
Il 1/14, Ca 1/15
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Savers will only get a 1099R if the processed a distribution the previous year.
True
False
Answer explanation
They are not generated for transfers.
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If an account owner resides in state other than IL or CA there may be mandatory state tax withholding. For example, in Arkansas the state mandate is 3%.
True
False
Answer explanation
Search "State Withholding Requirements" in Panviva for more examples,
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