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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Definitions:

Naturalistic Settings

Environments or circumstances that occur naturally without any manipulation or intervention by researchers.

Aggression

Refers to behaviors or attitudes that are hostile, harmful, or confrontational, often resulting from frustration or provocation.

Innate Drives

Fundamental biological or psychological impulses inherent in all individuals from birth, driving behaviors such as hunger, thirst, or the need for social connection.

Genetically Transmitted

Characteristics or conditions that are passed from parents to offspring through genes.