Only highly compensated employees are covered by a legal services plan.

Participants who have reached the age of 50 during the plan year may be permitted to make “catch-up” contributions.

Dalton Construction has a defined contribution plan that provides 65% of account balances to the three owners, each of whom have a 10% ownership of the company. To remain qualified, which of the following vesting schedules would Dalton be permitted to use?

An early distribution penalty can be assessed on Roth IRA withdrawals.

To comply with the pension plan reporting and disclosure rules under ERISA, employers must use the Annual Report to describe major provisions of the plan to plan participants in plain language.

Acorn Booksellers is a small business interested in adopting a qualified retirement plan. The owner of Acorn wants to be able to choose from more than one financial institution when implementing the plan. Acorn’s owner also wants to determine such things as the vesting schedule and the contribution or benefit formula. As a small business, Acorn wants to keep costs down. You recommend that Acorn use

Which of the following retirement plans would be most effective in encouraging early retirement?

In a rush to get a qualified retirement plan installed before the deadline for the year, the owner of Baxter Concrete failed to get a determination letter from the IRS. Five years later, Baxter is audited. If the IRS finds a disqualifying provision or if an essential provision is missing from Baxter’s plan,

Advantages of company car programs include which of the following?

Volume submitter and prototype plan documents have a _____ remedial amendment cycle.