The employer’s share and the employee’s beneficiary’s share of death benefits from a split dollar plan are generally income tax free.

Which of the following is not true regarding executive loans?

As part of the employee benefit planning process, a schedule should be established for reviewing and monitoring plan effectiveness.

Winston Cantrell earns $70,000 annually as a business professor at Greenlaw University. Winston is a participant in the university’s defined benefit plan. Five years ago, he began doing some management and marketing consulting for small business owners. He now earns $35,000 a year as a self-employed person in addition to his university income. Winston is considering adopting a money purchase Keogh for this self-employed business. As his financial advisor, you tell Winston

A unit credit formula is based on the employee’s age.

The first step in determining the tax on any distribution from a qualified plan is to determine the participant’s cost basis in the plan’s benefit. The participant’s cost basis can include all of the following, except

A savings plan is subject to ERISA reporting and disclosure rules.

Under a nonqualified deferred compensation plan, constructive receipt occurs in which of the following?

Winston Cantrell earns $70,000 annually as a business professor at Greenlaw University. Winston is a participant in the university’s defined benefit plan. Five years ago, he began doing some management and marketing consulting for small business owners. He now earns $35,000 a year as a self-employed person in addition to his university income. Winston is considering adopting a money purchase Keogh for this self-employed business. As his financial advisor, you tell Winston

A unit credit formula is based on the employee’s age.