Blog

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

Defined contribution plans typically provide the maximum possible proportionate benefits for key employees when key employees are older than rank and file employees.

Which of the following definitions of disability is considered to be the most liberal?

Defined contribution plans typically provide the maximum possible proportionate benefits for key employees when key employees are older than rank and file employees.

Which of the following benefits normally may not be provided in a cafeteria plan under the Code?(I)long-term care insurance(II)educational assistance under a plan governed by Section 127(III)dental insurance for dependents(IV)term insurance equal to 1½ times salary

Disadvantages of cafeteria plans include all of the following except

An advantage of an employee stock purchase plan is that its value is directly related to employee performance.

Which of the following benefits normally may not be provided in a cafeteria plan under the Code?(I)long-term care insurance(II)educational assistance under a plan governed by Section 127(III)dental insurance for dependents(IV)term insurance equal to 1½ times salary