A Keogh Plan Maintained for the Owner of an Unincorporated

question 11

True/False

A Keogh plan maintained for the owner of an unincorporated business must cover all employees of the business on a nondiscriminatory basis.

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Definitions:

Intellectual Capital

The intangible value of a business, covering its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), which include the company's images, processes, data, patents, copyrights, and other intellectual property.

Knowledge

Information, understanding, or skills gained through experience or education; the theoretical or practical understanding of a subject.

Wisdom

The ability to apply knowledge, experience, understanding, and common sense in a way that is insightful, and often involves a deep understanding of people, things, events, or situations, resulting in a balanced judgement.

NewSQL

A class of modern relational database management systems that seeks to provide the same scalable performance of NoSQL systems for online transaction processing (OLTP) read-write workloads while maintaining the ACID guarantees of a traditional database system.