Top-heavy plans are plans where:
A) the employee has to pay all of the fund contribution in exchange of a tax benefit.
B) the owners or highest-paid employees hold over 60 percent of the value of the pension plan.
C) the company contributes more to the plan than the employee.
D) the employee and employer can obtain heavy tax benefits simultaneously.
E) the employer has to pay all of the fund contribution by classifying it as a business expense.
Correct Answer:
Verified
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A)provide
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A)are designed to benefit the
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