Under ERISA,which of these is not required of a qualified plan?
A) plans must cover all full time employees with at least one year of service
B) plans should not provide disproportionately high benefits to the highly compensated employees
C) defined benefit plans must be funded in advance according to ERISA requirements
D) all employees must receive the same percentage of wages as benefits
Correct Answer:
Verified
Q9: A defined contribution retirement plan can be
Q10: Characteristics of group insurance include all the
Q15: An insured has incurred $12,000 in medical
Q16: From an employee's perspective, tax deferral is
Q20: Suppose you have a 401(k) plan, and
Q20: Which of the following patterns would not
Q21: Instead of purchasing group health insurance,many employers
Q27: Our government gets several advantages from the
Q29: HIPPA applies to group health plans that
Q31: The primary purpose of a 401(k) plan
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents