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.

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

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

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

Which of the following is not true regarding executive loans?

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.

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