Which Statement Is Correct Regarding SIMPLE Retirement Plans

question 52

Multiple Choice

Which statement is correct regarding SIMPLE retirement plans?

• A)SIMPLE plans are not subject to nondiscrimination rules.
• B)This plan can only be adopted by employers with 50 or fewer employees.
• C)Only the employer can contribute to the plan.
• D)Employer contributions must vest within three years.

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Causes of Death

Factors or events that directly lead to the death of an individual, ranging from diseases and accidents to various health conditions.

Main Causes

The primary or most significant factors or conditions that contribute to a particular outcome or event.

20th Century

A period extending from January 1, 1901, to December 31, 2000, marked by significant global changes in politics, technology, and culture.

United States

A country located in North America, characterized by a federal republic form of government consisting of 50 states and a federal district.