Blog

The cost of the first $50,000 of group-term insurance provided for each employee is tax-free to the employee.

A Keogh plan is most commonly designed as a(n)

For purposes of required minimum distributions from an IRA or qualified plan, which of the following cannot be a designated beneficiary?

Defined benefit plans provide more benefit security than do age-weighted or cross-tested plans.

A cash balance plan establishes a separate fund for each plan participant.

Magnum Enterprises is located five miles out of town. Magnum provides a hot and cold lunch on-site for employees without cost. Employees must include the value of meals eaten as part of their taxable income.

If the participant dies at age 60 without a designated beneficiary, minimum distributions must be made

Which of the following is not a requirement for a trust to be treated as a designated beneficiary for required minimum distribution purposes?

A Keogh plan is most commonly designed as a(n)

A cross-tested plan uses a fixed age-weighted formula. The plan is designed to maximize benefits for a firm’s highly compensated employees while providing whatever is necessary for remaining employees to satisfy nondiscrimination regulations.