All the Following Statements About SIMPLE Retirement Plans Are True

question 20

Multiple Choice

All the following statements about SIMPLE retirement plans are true EXCEPT

• A)They are limited to employers with 100 or fewer eligible employees and who do not maintain another qualified plan.
• B)They encourage small employers to establish pension plans for their employees.
• C)They are subject to more stringent discrimination rules than those that apply to most qualified plans.
• D)They can be structured either as an IRA or as a 401(k)plan.

---

Definitions:

Freudian Slip

When what you really think deep down comes out as a slip of the tongue.

Misspeaks

Occurrences when an individual unintentionally says something wrong, inaccurate, or inappropriate, often due to a slip of the tongue.

Deeper Hidden Desire

An underlying or unconscious want or need that may drive behaviors or motivations in an individual.

Personality Trait

Persistent modes of thinking, feeling, and acting that set people apart from each other.