Which of the following statements represents a major advantage of a deferred profit-sharing plan?

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The major advantage of a deferred profit-sharing plan is that contributions and any investment income earned remains tax sheltered until retirement. This allows employees to save more for their retirement without having to pay taxes on the contributions and earnings until they withdraw the funds. Options to choose investments or a guaranteed fixed benefit are not necessarily advantages of deferred profit-sharing plans. The funds may or may not be secured from company revenues, depending on the specific plan.

Which of the Following Statements Represents a Major Advantage of a Deferred