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  #101  
Old 08-02-2019, 12:55 PM
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Originally Posted by CuriousJoe View Post
I requested mine this morning. It looks like I scored an 87. I did lose points on questions 12 and 42, however. Maybe my true score is 91. I'm not sure it matters at this point, but I received a 9.
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  #102  
Old 08-02-2019, 01:41 PM
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In case it's helpful to anyone, I just scored my exam sheet and it looks like I earned 71 points -- and I got a 6.
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  #103  
Old 08-02-2019, 01:45 PM
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In case it's helpful to anyone, I just scored my exam sheet and it looks like I earned 71 points -- and I got a 6.
what about for these 2 questions?

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Originally Posted by davefarber View Post
I've reviewed the exam, and have definite issues with two questions.

Question 12: This is a True statement, and it may simply be that the answer key has a typo (in which case they would most likely just fix that and give credit only for answer choice A). It is an almost word-for-word copy of IRC section 4975(c)(1)(B).

Question 42: The correct answer to this question is $252, which is choice A. As some have mentioned in this thread, the big issue here is whether to consider compensation paid to Smith prior to the plan effective date of 1/1/2015. Treasury regulation 1.416-1, Q&A M-2, part (b) discusses salary issues with regard to the top heavy minimum benefit, specifically with regard to salary paid in years prior to the plan effective date. If the plan allows for exclusion of those years under IRC section 411(a)(4)(C), then those years of salary are excluded for purposes of the top heavy minimum benefit. There is no mention of any service excluded in this question, and there is no general condition that states that any service is excluded. As a result, salary paid in this question prior to the plan effective date is used for the top heavy minimum 5-year average salary (excluding salary paid prior to 2015 gives a top heavy minimum of $260, which is in answer range B). They probably intended to include a statement in the question that said something such as "The plan uses the most restrictive definition of service for purposes of vesting under IRC section 411(a)." Based upon past history, my guess is that they will give credit for both answers A and B (although A is the truly correct answer).
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  #104  
Old 08-02-2019, 01:50 PM
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what about for these 2 questions?
I scored my sheet with the current version of the answer key, which has B for both 12 and 42, and those were the answers I put down as well.
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  #105  
Old 08-02-2019, 04:12 PM
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It looks like I scored a 69 without Dave's changes, and a 73 with his changes. I got a 6.
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  #106  
Old 08-02-2019, 07:05 PM
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I sent an email to my Joint Board contact yesterday morning asking whether the answer key has been adjusted based upon the comments received. I typically will not receive a direct answer to a question like that, but my hope was that it would at least get a revised exam answer key posted -- normally this is done very quickly when a change has been made. Someone might try calling the SOA to see if they know if there is a revised answer key forthcoming. They are typically more likely to provide an answer than the Joint Board, which is bound by restrictive government rules.
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  #107  
Old 08-05-2019, 09:59 PM
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I scored a 70 without Dave's corrections and a 71 with Dave's corrections. I got a 6. Hope this helps narrow it down.

Last edited by xenoshroud; 08-05-2019 at 09:59 PM.. Reason: Grammar
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  #108  
Old 08-05-2019, 11:45 PM
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I think we need both a revised answer key and to hear how many points people who scored a 5 got.

or for the SOA to say what the pass mark is.
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  #109  
Old 08-06-2019, 03:49 PM
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67 including Dave’s corrections and got a 6
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  #110  
Old 08-06-2019, 03:53 PM
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67 including Dave’s corrections and got a 6
What was your score without Dave's corrections?
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