Which of the following correctly describe taxation of an insured death benefit received by a beneficiary from a qualified plan?(I)the pure insurance element is normally income tax free(II)100% of the benefit is distributed tax free(III)non-death benefit distributions are taxed as qualified plan distributions(IV)Table 2001 costs paid by the participant may not be recovered tax free

A summary plan description is a

In qualified retirement plans, employers get a tax deduction when an employee retires and draws down their company retirement funds.

Which of the following correctly describe taxation of an insured death benefit received by a beneficiary from a qualified plan?(I)the pure insurance element is normally income tax free(II)100% of the benefit is distributed tax free(III)non-death benefit distributions are taxed as qualified plan distributions(IV)Table 2001 costs paid by the participant may not be recovered tax free

Which of the following is true regarding health care costs?

In general terms, a number of transactions are prohibited between the plan and certain people, including: a fiduciary, a person providing service to the plan, an employer, an owner, or an employee organization. Which one of the following correctly identifies the term used to describe these people?

In general terms, a number of transactions are prohibited between the plan and certain people, including: a fiduciary, a person providing service to the plan, an employer, an owner, or an employee organization. Which one of the following correctly identifies the term used to describe these people?

To qualify for the credit for qualified retirement savings contribution, the taxpayer must

Which of the following is true of fully insured pension plans ?

Jane Qualy, an employee of Brighton Enterprises, and her husband Jim met with Alice Mony, a financial planner at Brighton. Jane and Jim talked with Alice about ways to fund their children’s education and the asset allocation in Jane’s 401(k) plan at Brighton. These financial planning services are considered as income and taxable to Jane.