Retirement planning & Employee benefits Flashcards
1
Q
DB vs DC Plans
A
2
Q
Highly Compensated Employee
A
More than 5% owner
Compensation with in excess of $150k
3
Q
Coverage Tests for Qualified Plans
A
4
Q
Earned Income
A
W2 Income
Schedule C net income
K-1 income from an LLC
K-1 income from a partnership where partner is material partcipant
5
Q
457 Plans
A