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The “top-paid group” of employees for a year is the group of employees in the top 25%, ranked on the basis of compensation paid for the year.

The penalty for early withdrawal from a qualified plan does not apply to distributions from the plan if the employee has separated from service after attaining age 55.

Advantages of a cafeteria plan include

Every qualified plan must identify a “named fiduciary” in the plan document.

The “top-paid group” of employees for a year is the group of employees in the top 25%, ranked on the basis of compensation paid for the year.

A business tax credit for startup costs may be taken at any time throughout the duration of the qualifed retirement plan.

The fee for adopting a master or prototype qualified retirement plan is usually much more costly than drafting a custom designed plan.

Wally Fishbein made contributions to an HSA while an employee of Fishing Expeditions. Wally retired this year at age 65 and is now enrolled in Medicare. Which of the following is (are) true for Wally?

Some defined contribution plans that are subject to ERISA must meet pre-retirement and joint and survivor annuity requirements.

Jim and Tim are partners in JT Enterprises. The partnership contributes $1,000 annually to each partner account to cover a $12,000 deductible health policy. Jim and Tim have asked you to explain the consequences of treating HSA contributions as guaranteed payments. You tell Jim and Tim if they do so, guaranteed payments