Walter Graves, owner of Graves Excavating wants to deposit employer stock in a qualified individual account plan. The stock is not publicly traded. Which of the following is (are) true for Walter?

The death benefits of key employee life insurance are payable to the employer.

The IRS generally allows money purchase plans to provide for “in-service distributions”-that is, benefits payable before termination of employment.

The “small welfare plan exemption” that exempts an employer from filing an annual report applies to welfare plans

The employer gets a tax deduction for the employer’s share of premium payments under a split dollar life insurance plan.

Under a qualified domestic relations order (QDRO)

The death benefits of key employee life insurance are payable to the employer.

Tandy is a self-employed owner of Candle Creations. She has a Keogh plan that provides incidental insurance through a cash value life insurance contract. This year, her premium is $1,400, of which $800 is for pure life insurance protection and the rest is used to increase the cash value. Tandy

Angela Snider, age 32, has $19,000 in her qualified retirement plan. The maximum amount that Angela can borrow against her account is

A savings plan is a qualified defined contribution plan that encourages employee after-tax contributions.