In a ________, the Plan Sponsor Agrees to Make Specified

question 42

Multiple Choice

In a ________, the plan sponsor agrees to make specified dollar payments annually to qualifying employees beginning at retirement (and some payments to beneficiaries in case of death before retirement) .

• A) defined-benefit plan
• B) cash balance plan
• C) defined-balance plans
• D) defined-contribution plans

Understand the basis of nondeductible contributions in IRAs.

Know the rules and requirements for maintaining qualified status in pension and profit-sharing plans.

Understand the documentation and reporting requirements for pension plan distributions.

Recognize the contribution limitations and conditions for Roth IRAs and traditional IRAs.

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