CI CS- Group Plan Quiz

Who all are the parties associated with a CI Group Plan account? (Select all that apply)

• Group Sponsor/ Employer

• Employee

• Financial Advisor

• Group Administrator

In a Group Plan, employer contributions are mandatory. (a)  

• True
• False

What type of accounts can be held under a Group Plan? (select all that apply)

• Open

• RRSP/TFSA

• APP

• RESP

Who can contribute to a DPSP account?

• Employee

• Employer

What documents are required to set up a new Group Plan account? (Select all that apply)

• CI account application form

• Group plan change form

• Group plan employer information form

• CI automated remission form

CI requires a Letter of Direction (LOD) to remove a member from the Group Plan and remove Group Designation. Who can authorize the LOD? (Select all that apply)

• Client

• Financial Advisor

• Employer/Plan administrator

Who can access the information regarding group plan purchases and breakdown of employee/employer contributions at a group level?

• Financial advisor

• Plan administrator

• Employee

Client can purchase CI US Money Market Fund (CIG 125) into his/her CI GRSP account. (a)  

• True
• False

Select all of the products that cannot be held under a client-held Group Plan. (Select all that apply)

• Mutual Funds

• G5/20

• PSS

• APP

Which are the documents required to set up a new Group Level Sys Plan ? (Select all that apply)

• CI Group Plan Automated Remission – Create New Form / LOD

• Contribution List

• Employee's Banking Information/Void chq

• Employer’s Banking Information