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Why are non-qualified deferred compensation plans only offered to executives? 

A 457 plan can be structured to have a contribution cap limited only by total compensation if the employee is willing to pay taxes as soon as a substantial risk of forfeiture has lapsed. 

Peter has an NQSO through his employer. The strike price is $15, which happens to be the current market price. Peter exercises this option 2 years later when the stock is trading at $45 per share and then sells it 6 months later at $52 after a better than expected earnings report. What is the tax impact at the time that Peter sells his shares? Note that the exercise and sale are in two different years. 

The vesting schedule establishes when an employee “owns” the salary deferrals that they have made into their plan. 

Which of the following taxpayers is NOT considered an “active participant”?

An employer has in place a defined benefit plan featuring the unit benefit formula. A certain employee’s FAC is $4,800, and they have 25 years of service. The employer targeted a 30% replacement ratio with a 30-year cap for service. What is the amount of this employee’s expected monthly benefit?

All of the following are true statements related to a Qualified Domestic Relations Order (QDRO) EXCEPT:

Which of the following apply to spousal Social Security benefits that are taken early? (select all that apply) 

Which of the following is a character trait unique to the Defined Contribution plan type?

Which of the following has not been accomplished with the New Fiduciary Rule?