Which of the Following Statements About SIMPLE Retirement Plans Is

question 50

Multiple Choice

Which of the following statements about SIMPLE retirement plans is true?

• A)They are limited to employers with 100 or fewer eligible employees and who do not maintain another qualified plan.
• B)Employees are not permitted to make SIMPLE plan contributions.
• C)Employers are subject to more stringent nondiscrimination rules than those that apply to most qualified plans.
• D)Employer contributions are fully taxable in the year of the contribution,but qualified distributions are received tax-free.

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