Which of the Following Statements About SIMPLE Retirement Plans Is

question 50

Multiple Choice

Which of the following statements about SIMPLE retirement plans is true?

• A)They are limited to employers with 100 or fewer eligible employees and who do not maintain another qualified plan.
• B)Employees are not permitted to make SIMPLE plan contributions.
• C)Employers are subject to more stringent nondiscrimination rules than those that apply to most qualified plans.
• D)Employer contributions are fully taxable in the year of the contribution,but qualified distributions are received tax-free.

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Definitions:

Personality Formation

The process by which an individual's distinctive patterns of thought, feeling, and behavior, constituting their personality, are developed and solidified over time.

Gender Segregation

The separation of individuals based on their gender, often seen in social, educational, or professional contexts.

Affiliative Behaviors

Actions that promote social connection and bonding, such as smiling, eye contact, and physical closeness.

Social Hierarchies

The organization of individuals within a society based on status, power, authority, or other attributes.