The Internal Revenue Code and ERISA's Title I and Title II provisions set 13 minimum standards to determine whether retirement plans are qualified or nonqualified.(Qualified vs.Nonqualified Plans)
Correct Answer:
Verified
Q13: Public organizations may offer both 40l(k)and 403(b)plans,but
Q14: Savings Incentive Match Plans for Employees (SIMPLEs)can
Q15: The Revenue Act of 1921 instituted retirement
Q16: Nearly 55% of workers employed in the
Q17: Using the unit benefit formula,the annual benefits
Q19: IRC Section 403(b)established the tax-deferred annuity program
Q20: Forfeitures come from the accounts of employees
Q21: Only one event triggers a mandatory distribution:
Q22: The average benefit test is a method
Q23: The present value of benefits based on
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