These two are the basic accrual rules for the nondiscrimination testing for defined contribution plans. (Defined Contribution Plans)
A) Contributions cannot be reduced based on age, no maximum age limit for discontinuing contributions
B) Contributions can be reduced based on age if everyone in the plan is affected, age, no maximum age limit for discontinuing contributions
C) Contributions can be reduced based on age if everyone in the plan is affected, no minimum age limit for discontinuing contributions
D) Contributions can be increased based on age, no maximum age limit for discontinuing contributions
Correct Answer:
Verified
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