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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.

Tandy is a self-employed owner of Candle Creations. She has a Keogh plan that provides incidental insurance through a cash value life insurance contract. This year, her premium is $1,400, of which $800 is for pure life insurance protection and the rest is used to increase the cash value. Tandy

A savings plan is a qualified defined contribution plan that encourages employee after-tax contributions.

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

All of the following organizations can adopt a TDA plan, except

In most types of split dollar plans, the employer’s outlay is at all times fully secured.

Which of the following describes the report filed on Form 5500?

Group term life insurance can’t provide life insurance.