Which of the following correctly describe taxation of an ins…

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 correctly describe taxation of an ins…

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

In general terms, a number of transactions are prohibited be…

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 be…

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?

Jane Qualy, an employee of Brighton Enterprises, and her hus…

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.