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AHIP AHM-520 Exam - Topic 3 Question 24 Discussion

Actual exam question for AHIP's AHM-520 exam
Question #: 24
Topic #: 3
[All AHM-520 Questions]

The following statements are about 501(c)(9) trusts. Select the answer choice containing the correct statement:

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Suggested Answer: C

by Celeste at May 07, 2022, 06:22 AM

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Adelle
4 months ago
Not sure about B, mandatory membership sounds fishy.
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Tula
4 months ago
Totally agree, C is the way to go!
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Desiree
4 months ago
Wait, can funds really revert to the employer? That sounds odd.
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Tien
5 months ago
I thought contributions were deductible, so C seems right!
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Penney
5 months ago
A 501(c)(9) trust is a voluntary employees' beneficiary association.
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Winfred
5 months ago
I recall something about the control of the trust, but I can't remember if it's solely by the employer or if there are other parties involved.
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Emiko
5 months ago
I'm not entirely sure, but I think membership in a 501(c)(9) trust isn't mandatory for all employees. That sounds too strict.
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Lillian
5 months ago
I feel like I saw a question about employer contributions to these trusts being deductible. Is that C?
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Sheridan
5 months ago
I think I remember that when a 501(c)(9) trust is terminated, the funds don't just go back to the employer. That seems off.
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Gearldine
6 months ago
Hmm, I'm a bit confused on this one. Could it be that the assets were already disposed, so the program created entries to reverse the original disposal and then dispose them again? I'll need to think this through carefully.
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Sunshine
6 months ago
Ah, I see now. The user group approach is an important one to remember. I'll make sure to include that in my answer.
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Rory
6 months ago
Hmm, this looks like a tricky one. I'll need to think carefully about the Rendezvous tools available to check connectivity.
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Amber
6 months ago
Ah, I see what they're getting at now. The "drill into" feature is definitely one of the options, but I'm not sure which one. I'll have to think this through step-by-step.
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