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The _____ definition of disability is defined as the total and continuous inability of the employee to engage in any and every gainful occupation for which he or she is qualified or shall reasonably become qualified by reason of training, education, or experience.

Every qualified plan must identify a “named fiduciary” in the plan document.

The “top-paid group” of employees for a year is the group of employees in the top 25%, ranked on the basis of compensation paid for the year.

Arnold Nash, owner of Nash Car Sales, wants to offer his employees a health plan that allows individual contributions as well as individual salary-reduction contributions and employer contributions. He wants the plan to work in conjunction with high-deductible insurance. Nash should select a(n)

The fee for adopting a master or prototype qualified retirement plan is usually much more costly than drafting a custom designed plan.

Arnold Nash, owner of Nash Car Sales, wants to offer his employees a health plan that allows individual contributions as well as individual salary-reduction contributions and employer contributions. He wants the plan to work in conjunction with high-deductible insurance. Nash should select a(n)

Which of the following definitions of disability is considered to be the most liberal?

Wally Fishbein made contributions to an HSA while an employee of Fishing Expeditions. Wally retired this year at age 65 and is now enrolled in Medicare. Which of the following is (are) true for Wally?

Some defined contribution plans that are subject to ERISA must meet pre-retirement and joint and survivor annuity requirements.

Wally Fishbein made contributions to an HSA while an employee of Fishing Expeditions. Wally retired this year at age 65 and is now enrolled in Medicare. Which of the following is (are) true for Wally?