All of the following are requirements of a qualified pension plan except:
A)The plan must be in writing.
B)The plan cannot discriminate in favor of highly paid employees.
C)The plan must be for the exclusive benefit of the employees or their beneficiaries.
D)The plan must cover all employees who have worked for the company more than 18 months.
E)The plan must limit the amount of contributions that can be made to the plan and/or the benefits received from the plan.

Question

Quizplus · Accepted Answer

While a qualified pension plan must cover a certain percentage of employees, it does not necessarily have to cover all employees who have worked for the company for more than 18 months.

All of the Following Are Requirements of a Qualified Pension