Qualified Employee Benefit Plans

Q1.

A. In some cases, an employer may offer a _____________________________ where the employee can select from a variety of taxable and nontaxable benefits.

B. HSAs are available to individuals with_________________________________________.

C. A (n) ______________________________ determines in advance the amount the employer will contribute. This contribution does not involve actuarial computations, and the risks associated with the plan are born by the employee.

D. Small businesses may avoid the administrative complexity of qualified plans by using a _________________________________ plan, where the employer makes contributions directly to IRAs established for its employees (and the owner as well).

E. For 2010, nondeductible contributions of up to $5,000 ($6,000 if age 50 or older) may be to a "back-loaded" IRA known as __________________________________.