Author: Anonymous

Approval from the IRS is needed before an employer can establish an educational assistance plan.

Benefits in a DBO plan can be based on an employee’s average compensation over a specified period of time.

Defined benefit plans that use the flat amount formula provide a retirement benefit that is a percentage of the employee’s average earnings.

A cash balance plan favors older workers.

A target plan is a pension plan that uses an age-weighted contribution formula.

The Internal Revenue Code sets a maximum limit on the projected annual benefit that a defined benefit plan can provide.

Some broader-based educational assistance plans provide assistance for education not job-related.

Approval from the IRS is needed before an employer can establish an educational assistance plan.

Some broader-based educational assistance plans provide assistance for education not job-related.

Which of the following is not true regarding executive loans?