Author: Anonymous

Which of the following options are good questions to ask about existing benefit plans?(I)Who is covered?(II)What benefits are provided?(III)How is the plan funded?(IV)Who administers the plan?

HMOs try to control costs by emphasizing preventative care.

If ERISA’s pension plan rules do not apply, a severance plan can cover:

Directors of Xenon Corporation are considering changing from a traditional defined benefit plan to another type of plan. They have asked you to explain the advantages and disadvantages of such a change. You explain that if Xenon Corp. converts to

Truth in Lending requirements apply to every loan an employer makes.

Which of the following are considered fundamental steps in the retirement planning process?(I)assessing client retirement financial needs(II)determining how much of the need will be met(III)establishing a plan for any cash flow shortfall(IV)selling investments based on projected income needs

Distributions are not required from Roth IRAs until after the death of the IRA owner.

Joan Garvey owns Garvey Management, a property management company. Last year, Garvey Management installed a qualified defined benefit plan. A small portion of the plan is invested in real estate. Joan hired Hank Thomas, an actuary, to evaluate the plan on an annual basis. Hank’s lease in his old office space ran out, and Joan offered to let him occupy an office rent-free in one of the buildings that is in the qualified plan’s portfolio. This arrangement would be an acceptable transaction under ERISA.

Elective deferrals in a 401(k) plan can be distributed upon occurrence of all of the following, except

A “listed transaction” is: