Author: Anonymous

Which of the following is true of fully insured pension plans [IRC Section 412(e)(3) plans]?

All of the following are examples of nondeductible moving expenses, except

Jane Qualy, an employee of Brighton Enterprises, and her husband Jim met with Alice Mony, a financial planner at Brighton. Jane and Jim talked with Alice about ways to fund their children’s education and the asset allocation in Jane’s 401(k) plan at Brighton. These financial planning services are considered as income and taxable to Jane.

To gain a tax advantage, an employer must make dependent care assistance available to all employees in a nondiscriminatory manner. This means that no employee can be excluded.

The only purpose of life insurance is to provide financial support for the family of younger executives in the event of premature death.

Which of the following is an unforeseeable emergency that would permit distributions from a Section 457 plan?

All of the following are examples of nondeductible moving expenses, except

Jane Qualy, an employee of Brighton Enterprises, and her husband Jim met with Alice Mony, a financial planner at Brighton. Jane and Jim talked with Alice about ways to fund their children’s education and the asset allocation in Jane’s 401(k) plan at Brighton. These financial planning services are considered as income and taxable to Jane.

Advantages of rolling a qualified plan over to an IRA include

One of the objectives of a benefit plan is to provide employee benefits that are comparable to those offered by other employers in the industry.