Which of the following statements regarding Keogh plans is false?
A) Keogh plans provide a tax-deferred retirement savings option for self-employed individuals.
B) Keogh plans must be administered by an independent trustee.
C) Keogh plans can be either defined-benefit or defined-contribution plans.
D) A self-employed person with a Keogh plan is not required to provide retirement benefits to his or her employees through the plan.
Correct Answer:
Verified
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