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In the SIMPLE (Savings Incentive Match Plan for Employees)Plan

Question 3

Multiple Choice

In the SIMPLE (Savings Incentive Match Plan for Employees) Plan,


A) employers must contribute a match for all eligible employees.
B) it is easy to set up and maintain for employees who received 10,000 in compensation for the preceding year.
C) the plan is available for fewer than 50 employees.
D) there are 3 types of simple plans

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