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It is important in reviewing a policy illustration to remember that dividends are not guaranteed.

The transfer for value rule does not apply to a transfer to:

Generally, parachute rules also apply to payments from qualified retirement plans.

Legal services plans are usually funded through multiemployer trusteeships sponsored by labor unions.

Unlike a traditional IRA, a Roth IRA contribution is not restricted by active participation in an employer’s retirement plan.

A plan may provide benefits to former employees, including retired, disabled, or laid-off employees.

If an employer has a profit, at least some contribution must be made that year to the profit sharing plan.

A severance pay plan will not be considered a pension plan, for ERISA purposes, if payments are contingent, directly or indirectly, upon retirement.

A moving expense reimbursement plan must meet ERISA requirements because it is classified as a welfare benefit plan.

Cliffton Manufacturing wants to install a meal plan for employees to increase production efficiency and save employees the cost of commuting three miles into town for meals. Cliffton Manufacturing wants to be sure the plan installed does not result in taxable income to employees. Cliffton Manufacturing can install