RETIREMENT AND ESTATE PLANNING

Answer the Following Questions with at least 50 words each question.

  1. Discuss qualified plan fiduciary requirements along with the duties and impact of being named a plan fiduciary.
  1. Discuss types of investments that may be appropriate for use in qualified plans. Contrast these with investments that may not be appropriate.
  1. Discuss types of pension and welfare plans that are exempt from ERISA regulations.
  2. Discuss the primary pension plan reporting and disclosure requirements.
  3. Discuss implications of using life insurance to fund a qualified plan relative to the incidental death benefit test.
  4. Discuss requirements for fully insured plans and how they may relate to overfunding problems.
  5. Discuss differences between flat amount, flat percentage, and unit credit benefit formulas.
  6. Discuss advantages and disadvantages of installing a defined benefit pension plan.
  7. Discuss advantages and disadvantages to using a cash balance pension plan for both the employer and employee.
  8. Discuss under what circumstances an employer might want to switch from an existing defined benefit plan to a cash balance plan, along with the implications of doing so.