Author: Anonymous

Pat is considering converting a traditional IRA to a Roth IRA in 2017. Pat might not want to make a conversion because

A life insurance contract can be used as a “golden handcuffs” offer to an executive.

Beason Manufacturing loans executive Tom Rice $35,000, interest-free, payable in 7 years. The present value of the loan is $25,000. Which of the following is true?

The “small welfare plan exemption” that exempts an employer from filing an annual report applies to welfare plans

The “small welfare plan exemption” that exempts an employer from filing an annual report applies to welfare plans

A life insurance contract can be used as a “golden handcuffs” offer to an executive.

Beason Manufacturing loans executive Tom Rice $35,000, interest-free, payable in 7 years. The present value of the loan is $25,000. Which of the following is true?

The employer gets a tax deduction for the employer’s share of premium payments under a split dollar life insurance plan.

Wheels, a small bike sales and repair shop, has ten employees, five full-time and five part-time. Walt Morgan, the owner, can’t afford to provide many employee benefits, but he does provide all employees with three full-pay sick days a year. He funds the sick pay out of his general assets. He also provides his full-time employees with basic health insurance that has a high deductible to keep costs down. Walt pays an annual premium for this insurance out of his general assets. Under ERISA,

The death benefits of key employee life insurance are payable to the employer.