A qualified plan must satisfy one of either the _____ or the _____.(I)ratio percentage test(II)average benefit test(III)usual, reasonable and customary test(IV)ADL minimum qualification trigger test

As Joe Burton’s financial advisor, you’ve encouraged Joe to see a lawyer to finalize his will and to resolve a legal dispute that has arisen over an easement on a lot that Joe owns. Joe tells you that he has a legal services plan at work that provides up to $1,000 in legal service fees per year. Because Joe is friends with the company accountant, he knows that his employer has a “pay-as-you-go” plan. Joe asks you about the tax consequences of using the legal services plan. You tell Joe

Disadvantages of a legal services plan include all of the following, except

As the employee benefit specialist for Alpha Corp., you are explaining COBRA benefits to a group of pre-retirees, between 55 and 64 years of age. Which of the following do you not list for the group as a qualifying event for COBRA?

In a profit sharing plan, it is common to use participant directed investment, meaning accounts can be invested at the participant’s direction.

The benefit formula of a DBO plan can be

Under the Affordable Care Act, all of the following are considered essential benefits, except

Advantages of defined benefit plans include all of the following, except

Any participant in a Section 457 plan who is over age 50 can take advantage of the 50-or-over catch-up contributions.

According to tax law, individuals with preexisting conditions can be excluded from participation in a group health plan for up to 18 months.