Pension plans must meet complex rules to retain their tax-advantaged status.These rules include all of the following except:
A) The plan must adequately cover rank-and-file employees.
B) The plan must be established for the exclusive benefit of employees and their beneficiaries.
C) The plan must not discriminate in favor of highly compensated employees.
D) Employee and employer contributions must fully vest within five years.
Correct Answer:
Verified
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