Author: Anonymous

Participants in an ESOP hold company stock, but they do not have voting rights on corporate issues.

IRAs can be invested in a variety of investment vehicles, including mutual funds, stocks, bonds, and life insurance contracts.

The retirement plan for Bethel Shalom synagogue must adhere to ERISA reporting and disclosure rules.

A comprehensive plan combines the coverage of basic and major medical plans in a single plan.

Disadvantages of a 401(k) plan include

A traditional IRA

An employer can use a nonqualified plan as a form of “golden handcuffs” that bind an executive to remain with a company and meet certain conditions.

Howard Bigwig has a DBO plan with his employer. Which of the following situations would cause Howard’s death benefit to be included in Howard’s estate?

An athletic facility that can be used only by select executives is tax-free to those executives

Mandy Thomas, age 47, is the owner of The Golf Pro Shop. Mandy wants to retire at age 55. The company adopted a defined benefit plan 2 years ago, 3 years after the business opened. Mandy wants to increase the amount that she contributes to her own retirement. Mandy can