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Howard Bigwig has a DBO plan with his employer. Which of the following situations would cause Howard’s death benefit to be included in Howard’s estate?

An athletic facility that can be used only by select executives is tax-free to those executives

Mandy Thomas, age 47, is the owner of The Golf Pro Shop. Mandy wants to retire at age 55. The company adopted a defined benefit plan 2 years ago, 3 years after the business opened. Mandy wants to increase the amount that she contributes to her own retirement. Mandy can

Disadvantages of a DBO plan include all of the following, except

Moving expense reimbursements must follow nondiscrimination rule.

Ocatagon Industries has an age-weighted profit sharing plan that uses a fixed age-weighted formula for allocating employer contributions. The plan covers 50 employees. The owner and two key employees are highly compensated, each earning $500,000 per year. Average pay for the rank-and-file employees is $35,000 per year. This year, the company allocated $1,000 to each employee’s retirement account. The tax implications of such an allocation include which of the following?

Sherin Blake, owner of Blake Architectural Design, Inc., has hired an actuary to calculate the funding requirement for the company’s defined benefit plan. To make an accurate calculation, the actuary will have to consider

In a traditional 401(k) plan, elective deferrals must meet a special test for nondiscrimination known as the

A plan is deferred compensation if the payment is made more than 2½ months after the end of the taxable year of the corporation.

Optimal operator positioning includes: