I. M. Best, owner of Best Corporation, wants his senior vice president, I. B. Better, to move from Milwaukee, Wisconsin, to Smyrna, Georgia, to open a branch office. Housing prices in Milwaukee are in a slump. Better’s house has been on the market for six months and has gotten only one offer that’s about $10,000 below market. Best wants to prevent Better from getting an inadequate price on his home due to a forced sale using the method that generates the greatest tax advantage for Best and Better. What should Best do?

Most of the ERISA investment rules are intended to

Defined benefit plans that use the flat amount formula provide a retirement benefit that is a percentage of the employee’s average earnings.

Money purchase plans traditionally provide that the participant’s account balance is converted to an equivalent annuity at retirement, based on annuity rates provided in the plan.

A cross-tested plan uses a fixed age-weighted formula. The plan is designed to maximize benefits for a firm’s highly compensated employees while providing whatever is necessary for remaining employees to satisfy nondiscrimination regulations.

A target plan is a pension plan that uses an age-weighted contribution formula.

The Internal Revenue Code sets a maximum limit on the projected annual benefit that a defined benefit plan can provide.

Approval from the IRS is needed before an employer can establish an educational assistance plan.

Deductible moving expenses include reasonable costs for all of the following, except

Benefits in a DBO plan can be based on an employee’s average compensation over a specified period of time.