Savings incentive match plans for employees (SIMPLEs) have the following characteristics (Savings Incentive Match Plans for Employees (SIMPLEs) )
A) The company has at least 100 employees, the employees' preceding year's compensation totaled at least $5000, the company has no other employer-sponsored retirement plan
B) The company has fewer than 100 employees, the employees' preceding year's compensation totaled less than $5000, the company has no other employer-sponsored retirement plan
C) The company has fewer than 100 employees, the employees' preceding year's compensation totaled less than $5000, the company offers other employer-sponsored retirement plans
D) The company has fewer than 100 employees, the employees' preceding year's compensation totaled at least $5,000, the company has no other employer-sponsored retirement plan
Correct Answer:
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