Examlex
A private prayer book is called
Qualified Status
A designation indicating that a person or entity meets the specific requirements set by law or regulations for a particular purpose or benefit.
Highly Compensated Employees
Employees who receive pay above a specific threshold set by the IRS, subject to additional rules and regulations for retirement plan contributions.
Pension
A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee's future benefit.
Profit-sharing Plan
A retirement plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings.
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