Which of the followings is not a characteristic of a Keogh plan?
A)A trust is established.
B)Considered to be a qualified plan.
C)Contribution to plan by extension due date.
D)Favorable 10-year forward averaging is not available.
E)All of the above are characteristics.

Question

Quizplus · Accepted Answer

All of the other options are characteristics of a Keogh plan. However, favorable 10-year forward averaging is now available for Keogh plans under certain circumstances, so this option used to be correct but is now outdated.

Which of the Followings Is Not a Characteristic of a Keogh