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Elective deferrals in a 401(k) plan can be distributed upon occurrence of all of the following, except

A “listed transaction” is:

Last year, the owner of Quinton Enterprises decided to contribute an additional $4,000 to each employee’s 401(k) account. This amount was about four times the average annual contribution made by rank-and-file employees, but about even with the average annual contribution of the highly compensated employees. The $4,000 was about double the amount that the owner had contributed to employees’ accounts the prior year. The form of employer contribution used at Quinton Enterprises is

Contribution limits for a SIMPLE IRA are the same as other qualified plans, but with less administrative cost.

Which of the following is the last step when using the seven-step planner to determine the required current monthly savings that will meet a future retirement income objective?

A flat amount formula provides a distribution based on

To reduce costs of installing a qualified retirement plan, a small business owner could purchase a prototype plan from which of the following?

Which of the following requirements must be met in order for a severance pay plan to be considered a welfare benefit plan for ERISA purposes?(I)payments are not contingent upon retirement(II)total payments do not exceed twice the employee’s annual compensation for the immediately preceding year(III)all payments are completed within 24 months after employment ends(IV)payments must be completed within 36 months after employment ends

Amounts deferred under nonqualified deferred compensation are never subject to Social Security taxes or Medicare taxes.

An employer can make contributions to the SIMPLE IRA of an employee who is 72 years old.