401k plan - Study guides, Class notes & Summaries

Kentucky Life Insurance State Exam Practice Questions with Certified Answers The premiums paid by an employer for his employee's group life insurance are usually considered to be Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Business expenses These are all accurate statements regarding universal life insurance EXCEPT Policy loans are not permitted Which of these is NOT relevant when determining the amount of personal life i...

Virginia life and Health Final Exam Questions and Answers 100% Pass Insurable inter in one's own life is legally considered as Generally unlimited Where dose the primary funding for medical part A come from? Federal payroll and self employment taxes What would be a valid reason for naming a trust as the beneficiary of a life insurance policy as opposed to naming an individual? Management of proceeds would be provided Virginia requires that an agent must complete___ hours of contin...

Wisconsin Life Insurance Exam Questions With 100% Correct Answers A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days. Which of the following is true? a) The amount of the distribution is reduced by the amount of a 20% withholding tax b) No taxes are due since the plan participant is over age 59 1/2 c) There is a 10% early withdrawal penalty d) The amount distributed is subject to ordinary income tax - a A claimant, whi is to...

CEBS GBA Exam 1 Question with complete solution 2023Broad view of Employee Benefits (Mod 1.1) Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that r...

ERISA - Answer- Employee Retirement Income Security Act 1974 SOC Reports - Answer- Service Organization Controls: for external vendors SOC 1 - Answer- Internal Controls & Financial reports; used by auditors SOC 2 - Answer- Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - Answer- Same as SOC2, but available for public use. Tribble V Edison - Answer- Landmark court case re fiduciary resp...

Colorado Life & Health Insurance Exam | Guide with Questions and Verified Answers | 100% Correct (2024 / 2025) Question: Rollover Rules in Retirement Plans Answer: Must be done within 60 days of a distribution Question: Types of Qualified Plans Answer: -IRA; Individual Retirement Account -SEP IRA; Simplified Employee Pension IRA -Keogh Plan (HR-10) -TSA; Tax Sheltered Annuity -401K Question: IRA; Individual Retirement Account Answer: -Available to anyone with earne...

Kentucky Life Insurance State Exam Practice Questions and Answers 2023 Solved The premiums paid by an employer for his employee's group life insurance are usually considered to be Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Business expenses These are all accurate statements regarding universal life insurance EXCEPT Policy loans are not permitted Which of these is NOT relevant when determining the amount of persona...

CRPC Full Vocabulary Test with A Graded Solutions Efficient market hypothesis - Answer-States that, at least for US equities markets, bargains cannot be found on any consistent basis. Rather, all important information about a company's performance and prospects is already reflected in the market prices of its shares. Elective contribution - Answer-A contribution made to a 401k plan by an employer on an employee's behalf pursuant to agreement for salary deferral. Elective deferral - Answ...

Kentucky Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A Q: Traditional individual retirement annuity (IRA) distributions must start by Answer: April 1st of the year following the year the participant attains age 70 1/2 Q: How are Roth IRA distributions normally taxed? Answer: Distributions are received tax-free Q: How can an insurance company minimize exposure to loss? Answer: Reinsurance Q: Al...

Which of the following statements is TRUE regarding digital assets? correct answers 1.) Some digital assets are securities 2.) All digital assets are securities 3.) Digital assets are exempt from anti-fraud provisions 4.) Digital assets are exempt from registration with state Admin. Explanation: Answer is A. Some digital assets are securites. Digital assets must meet four part Howey Test to meet definiton of security All of the following are examples of digital assets, EXCEPT: cor...