Review Questions
a.
What are the federal income-tax advantages to employers in a qualified retirement plan?
What are the federal income-tax advantages to employees in a qualified retirement plan?
A qualified retirement plan must meet certain minimum coverage requirements to receive favorable income-tax treatment. Explain the ratio percentage test.
Explain the following retirement ages in a typical qualified retirement plan:
Early retirement age
Normal retirement age
Deferred retirement age
a.
Briefly explain the basic characteristics of a traditional defined-benefit retirement plan.
What is a cash-balance retirement plan?
a.
Briefly explain the basic characteristics of a defined-contribution retirement plan.
What is a money purchase plan?
a. ...
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