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In a profit sharing plan, forfeitures may be reallocated or used to reduce future employer contributions.

Terms, amounts, and conditions of executive loans can be varied from one executive to another as the employer wishes.

Landrum Manufacturing has had several lean years. Recently, however, product demand has increased. Profits have doubled every year for the past three years, primarily due to the efforts of the owner and two key employees. The owner wants to build a case that the recent steep increases in her compensation and the compensation of her two key employees is reasonable. As her financial advisor, you tell her that her best option is to

An employer can provide employees with tax-advantaged dependent care in all of the following ways, except

Will Bumpum is chairman of the board for Accidental Airlines. Will and his executive staff can fly free at any time, but other employees must pay the same fare as the public to fly on Accidental. What are the tax implications for Will?

Universal life insurance cannot be used to provide an insured death benefit under a qualified plan.

Most major medical plans cover routine doctor visits.

Which of the following is (are) true?

The owners of MegaStat Corporation have asked for your help in designing a health benefit program for retirees. The owners tell you that they need a plan that has a low initial cash flow, is simple to implement, and has no nondiscrimination requirements to meet. You recommend

Premiums for commercial health insurance contracts include all of the following except