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Which of the Following Statements Is (Are)true with Respect to SIMPLE

question 25

Multiple Choice

Which of the following statements is (are) true with respect to SIMPLE retirement plans?
I.Only large employers can start a SIMPLE plan,provided the employer does not maintain another qualified plan.
II.SIMPLE plans are exempt from most nondiscrimination and administrative rules that apply to qualified plans.


Definitions:

Capillary Bed

A network of small blood vessels known as capillaries, which facilitate the exchange of oxygen, nutrients, and waste materials between the blood and tissues.

Vena Cava

A large vein carrying deoxygenated blood into the heart, consisting of two main branches, the superior and inferior vena cava.

Arteriole Branch

A small branch of an artery leading into capillaries, responsible for regulating blood flow from arteries to capillaries.

Infarction

The blockage of blood flow to a specific organ or area of tissue, leading to the local demise of that tissue.

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