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Foster Tate, age 64, died this year before retiring. Foster’s beneficiary receives a lump sum death benefit of $200,000 from a cash value life insurance plan that was part of Foster’s retirement plan. The cash value of the insurance was $120,000 at the time of Foster’s death. Foster had reported a total of $20,000 of insurance costs for this contract on his income tax returns. The taxable amount of this benefit to the beneficiary is

The IRS caught the plan trustee for Hopper Manufacturing violating the prohibited transaction rules. Hopper Manufacturing

Employer matching contributions to a savings plan are subject to the same vesting requirements as applied to other defined contribution plans.

Insurance providing a permanent benefit can be used in a group-term life insurance plan.

In order for a severance pay plan to not be treated as an ERISA pension plan, how many months does the employer generally have to complete employee payments?

Harris Corporation has a savings plan for employees. Last year, Harris made non-elective contributions amounting to 4% of compensation to all employee accounts. By doing this, Harris has met the contribution requirements for a safe harbor test.

Foster Tate, age 64, died this year before retiring. Foster’s beneficiary receives a lump sum death benefit of $200,000 from a cash value life insurance plan that was part of Foster’s retirement plan. The cash value of the insurance was $120,000 at the time of Foster’s death. Foster had reported a total of $20,000 of insurance costs for this contract on his income tax returns. The taxable amount of this benefit to the beneficiary is

A defined benefit plan can help an older controlling employee in a small business maximize tax-deferred savings.

Which of the following pension plans are exempt from ERISA reporting requirements?(I)qualified stock bonus plans(II)state and federal government plans(III)unfunded excess benefit plans(IV)plans of churches or synagogues

Certain premature distributions are subject to penalties.