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Which of the following is (are) true regarding a cash balance plan?

Bonus plans are formal agreements that must be in writing and negotiated with an attorney.

Which of the following nonretirement-related needs may have a significant impact on retirement assets?

The only cost associated with provision of a loan to executives is the administrative cost.

Astro Corporation is considering whether to finance its DBO plan obligation in advance. Astro Corp. wants to avoid having to meet ERISA requirements. Astro Corp. should use

To be eligible for a business tax credit for startup costs or employee education expenses incurred in connection with adoption of a retirement plan,

Which of the following can be provided on a cash option basis?

The IRC generally limits the amount of employer stock that can be in a retirement plan. Diversification is not required, however, for employee stock ownership plans (ESOPs).

One of the disadvantages of life insurance products is that policy expenses and commissions may be greater than for comparable investments.

Bob Everett is covered under a funded nonqualified deferred compensation plan that has an irrevocable trust set up for his benefit. Bob must pay income tax as soon as he is vested in contributions made to the fund, even though he does not have a right to withdraw cash from the fund until he retires.