NO.PZ202206210200000206
问题如下：
Based on Li’s description of the deferred compensation plan and the data in Exhibit 2, the funding status of the plan is most likely explained by the difference between the:
选项：
A.portfolio’s current yield and the return inception to date.
解释：
C is correct. The portfolio’s assets exceed the present value of the deferred compensation plan’s vested benefits, so the plan currently has a surplus. Contributions are made for the 20% of employees who leave before their benefits have vested, providing a source of excess funding for the plan as the benefits are forfeited.
A is incorrect. The portfolio’s current yield is less than the interest credit, while the portfolio return is only equal to the required rate of return. These would not lead to a surplus in funding.
B is incorrect. The shorter duration of the portfolio compared with the average employee tenure would not contribute to a surplus, especially in a time when short-term rates are lower than long-term rates.
如题
