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

question 50

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.

---

Definitions:

Examine If Closed

A control logic instruction that checks whether a circuit or contact is closed (i.e., allowing current flow) before executing further actions.

Examine-On Instruction

In PLC programming, an Examine-On Instruction checks if a specified input or condition is true (e.g., if a switch is on) before executing subsequent instructions.

XIC Instruction

An "Examine if Closed" instruction in ladder logic programming, used to check if a contact is virtually closed in a control system.

Normally Open Relay

A type of electrical relay whose contacts are open in its resting state, closing to complete a circuit when activated.