Small business owners have a number of retirement plans available to them. One type of plan is limited to employers with 100 or fewer eligible employees.
Under this type of plan, small employers are exempt from most of the nondiscrimination and administrative rules that apply to qualified plans. Such plans are called
A) Keogh plans.
B) SIMPLE retirement plans.
C) cash balance plans.
D) profit sharing plans.
Question 2
Special vesting rules apply to qualified defined contribution plans with voluntary employee contributions and matching employer contributions. Which of the following statements is (are) true with respect to these vesting rules?
I. Employer contributions must vest immediately.
II. Graded vesting is permitted, and employer contributions must be 20 percent vested after 2 years, with an additional 20 percent vested in each of the next 4 years.
A) I only
B) II only
C) both I and II
D) neither I nor II
This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation
Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S
Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ...
Pseudocoelomate body plan of a roundworm
Body plan of an aquatic snail and micrograph of a radula.
Business Mathematics, 15th Edition