In order for a retirement plan to be "qualified," retirement benefits must vest immediately in participating employees.

Name: In order for a retirement plan to be "qualified," retirement benefits must vest immediately in participating employees.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Immediate vesting is not required for a retirement plan to be qualified, but the plan must meet certain requirements set by the IRS to receive favorable tax treatment. Vesting schedules may vary depending on the type of retirement plan.

In Order for a Retirement Plan to Be "Qualified," Retirement