Under ERISA, Which of These Is Not Required of a Qualified

question 47

Multiple Choice

Under ERISA, which of these is not required of a qualified plan?

• A) Plans must cover all full-time employees with at least one year of service.
• B) Plans should not provide disproportionately high benefits to the highly compensated employees.
• C) Defined benefit plans must be funded in advance according to ERISA requirements.
• D) All employees must receive the same percentage of wages as benefits.

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Definitions:

Reaction Rates

A measure of how quickly the concentration of reactants decreases or the concentration of products increases over time in a chemical reaction.

Free Radical

An atom, molecule, or ion that has an unpaired valence electron, making it highly reactive and prone to participating in chemical reactions.

Chlorination

The process of adding chlorine to water or organic molecules, either for disinfection purposes or to introduce chlorine atoms into molecules for chemical synthesis.

Propagation Step

A part of a chain reaction where intermediates react with the original reactants to produce more intermediates and products, continually propagating the reaction.