A Pension or Profit-Sharing Plan Must Not Discriminate in Favor

question 89

Essay

A pension or profit-sharing plan must not discriminate in favor of highly compensated employees.What employees meet the definition of "highly compensated" for purposes of these plans?

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Definitions:

Single Fathers

Men who are the sole caregivers and providers for their children without the presence or assistance of the children's mother.

Custody

The protective care or guardianship of someone or something, often used to describe the legal guardianship a court may grant to a parent or guardian.

Remarriage Rates

Statistical measures indicating the frequency at which individuals who have been married previously enter into subsequent marriages.

Cohabitation

A living arrangement where two people who are not married live together in an intimate relationship, often as a precursor to or alternative to marriage.