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Wheels, a small bike sales and repair shop, has ten employees, five full-time and five part-time. Walt Morgan, the owner, can’t afford to provide many employee benefits, but he does provide all employees with three full-pay sick days a year. He funds the sick pay out of his general assets. He also provides his full-time employees with basic health insurance that has a high deductible to keep costs down. Walt pays an annual premium for this insurance out of his general assets. Under ERISA,

Under a qualified domestic relations order (QDRO)

Appleton Enterprises, Inc. is a closely held corporation that employs members of the Appleton family. The company’s ESOP has more than 10% of plan assets in Appleton stock. Appleton’s stock is not publicly traded. Appleton must give employees the right to vote on all corporate issues.

Which of the following welfare plans are exempt from ERISA reporting and disclosure requirements?(I)overtime pay(II)sick pay(III)voluntary, non-contributory group insurance(IV)mandatory group insurance with required employee contributions

In most types of split dollar plans, the employer’s outlay is at all times fully secured.

Which of the following welfare plans are exempt from ERISA reporting and disclosure requirements?(I)overtime pay(II)sick pay(III)voluntary, non-contributory group insurance(IV)mandatory group insurance with required employee contributions

Employee benefits primarily have been designed to give an employer a way to reduce tax liability.

Which of the following describes the report filed on Form 5500?

Group term life insurance can’t provide life insurance.

Which of the following best identifies the term used to identify a fiduciary’s general investment responsibility?