In ESOPs and stock bonus plans, employer contributions are always in the form of shares of stock.

An executive loan is considered a welfare benefit plan under ERISA.

Alternatives to a DBO plan include which of the following?

Fred Lawrey, owner of Play Once More Sports, a sporting goods resale shop, has given his employees a verbal promise of a year-end bonus if profits exceed 10%. Fred’s comment constitutes a legally binding arrangement that an employee could use to force Fred to comply with his promise.

With a Roth IRA, there are no minimum distribution requirements at age 70 ½, as there are for traditional IRAs.

Tax deferred annuity plans allow employer contributions in addition to, or instead of, employee salary reductions

Dr. I. L. Pullem, Dr. Ben Shur, and Dr. Jana Whitebite, are dentists. They have two full-time and one part-time office staff as the only employees in a professional corporation. The doctors want to maximize tax-favored benefits for themselves and lessen benefits for their employees. They should consider a

Advantages of a DBO plan include all of the following, except

Which of the following options are reasons for a plan sponsor to use a prototype plan?(I)reduce drafting costs(II)simplify the determination letter procedure(III)simplify installation(IV)gain greater flexibility than otherwise possible

A Health Savings Account (HSA) uses a savings account and insurance to cover health care needs.