Which of the Following Statements Is True Regarding Employer-Provided Qualified

question 48

Multiple Choice

Which of the following statements is true regarding employer-provided qualified retirement plans?

• A)May discriminate against rank-and-file employees.
• B)Deductible contributions are generally phased-out based on AGI.
• C)Executives are generally ineligible to participate in these plans.
• D)They are generally referred to as defined benefit plans or defined contribution plans.

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Definitions:

Duress

A situation in which someone performs an act as a result of violence, threat, or other pressure against them, often impacting the legality or validity of agreements made under such conditions.

Undue Influence

Improper or unfair persuasion exerted on someone to coerce them into making a decision they would not otherwise make.

Wrongful Coercion

The act of compelling someone to act in a certain way by use of threats, intimidation, or some other form of pressure that is illegal or unjust.

Unfair Persuasion

A legal concept in contract law where one party significantly influences another to enter into an agreement against their free will or without full understanding.