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.

---

Definitions:

Habituated

The process by which an organism decreases or ceases its responses to a repetitive stimulus after being repeatedly exposed to it.

Over-Stimulated

A condition arising from excessive stimuli, leading to a state of overload or heightened agitation and possibly difficulty concentrating or relaxing.

Adjusted

Altered or modified to fit certain conditions or requirements.

Least Functional

Describes the component, system, or person that performs the lowest in terms of functionality or effectiveness.