Ficep part 2 Study guides, Class notes & Summaries

401k - ANSWER Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - ANSWER The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - ANSWER Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Revenue...

FICEP Part 2 Test With Complete Solutions

FICEP Part 2 Exam Questions and Answers

FICEP Part 2 Exam Questions with 100% Correct Answers Dividends - Answer-The amount that stockholders in a company receive. Represents a portion of a company's profits Flexible Spending Plan (FSA) - Answer-A program offered by employers which allows employees which allows employees to pay for eligible out-of-pocket health care and dependent care expenses with pre-tax dollars. Have a Use-it-or-lose-it provision, which means that any funds that are unused at the end of the plan year are for...

401k - Answer- Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - Answer- The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - Answer- Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Reve...

FICEP Part 2 QUESTIONS WITH COMPLETE SOLUTION

401k - Answers-Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - Answers-The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - Answers-Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Reve...

401kPlan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. BeneficiaryThe person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria PlanTax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Revenue Code Section 125 Capital Gai...

FICEP Part 2 exam with complete solution 2023/2024