Discuss the special tax rules that may apply to lump sum distributions from qualified plans

Describe the features of a money-purchase plan and why this plan design is not often chosen today

Describe the SIMPLE plan and discuss when its use would be appropriate

Explain the individual account plan exception that limits fiduciary liability when participants make investment decisions

Describe how divorce and compliance problems can complicate plan administration

Describe common features of a nonqualified stock option program and the tax consequences of such a program

Describe the critical issues that affect retirement planning

Identify the exceptions to the general rule that distributions from qualified plans, 403(b) annuities, and IRAs are included as ordinary income

Describe the reasons for including participant loans in a client's plan and the legal requirements that apply

Understand how the incidental death benefit requirements limit the amount of life insurance in a qualified plan