In Order for an Employer-Sponsored Retirement Plan to Be Considered

question 1

Multiple Choice

In order for an employer-sponsored retirement plan to be considered a qualified plan,it must provide that the retirement benefits cannot be assigned,alienated,or subject to attachment,or garnishment.Which of the following is an exception to this provision?

• A)The collection of state employment taxes.This is a distractor.Should read: The collection of federal taxes.
• B)Limited assignment of participant payments.This is a distractor.Should read: Limited assignment of benefit payments.
• C)Loans secured by the participant's forfeitable benefits.This is a distractor.Should read: Loans secured by the participant's nonforfeitable benefits.
• D)Qualified Domestic Relations Order.

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The legislature of the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.

Separation Of Powers

Feature of the U.S. Constitution, sometimes called “checks and balances,” in which power is divided between executive, legislative, and judicial branches of the national government so that no one can dominate the other two and endanger citizens’ liberties.

United States Constitution

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