A cash balance plan favors older workers.

Money purchase plans traditionally provide that the participant’s account balance is converted to an equivalent annuity at retirement, based on annuity rates provided in the plan.

Some broader-based educational assistance plans provide assistance for education not job-related.

Approval from the IRS is needed before an employer can establish an educational assistance plan.

Some broader-based educational assistance plans provide assistance for education not job-related.

“Pure” savings plans, featuring only after-tax employee contributions, are very common.

Which of the following is not true regarding executive loans?

A self-employed person can adopt an age-weighted or cross-tested plan.

A corporation can use the benefits from a key employee’s life insurance policy to buy stock from the employee’s estate.

The employer’s share and the employee’s beneficiary’s share of death benefits from a split dollar plan are generally income tax free.