These Two Are the Basic Accrual Rules for the Nondiscrimination

question 13

Multiple Choice

These two are the basic accrual rules for the nondiscrimination testing for defined contribution plans. (Defined Contribution Plans)

• A)Contributions cannot be reduced based on age, no maximum age limit for discontinuing contributions
• B)Contributions can be reduced based on age if everyone in the plan is affected, age, no maximum age limit for discontinuing contributions
• C)Contributions can be reduced based on age if everyone in the plan is affected, no minimum age limit for discontinuing contributions
• D)Contributions can be increased based on age, no maximum age limit for discontinuing contributions

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Definitions:

Specific (s)

Particular elements or details within a broader category, emphasizing individual characteristics or components.

Standardized Measure

A method of assessment or evaluation that is consistently applied across different individuals to ensure comparability of results.

Objective

A goal or target that is sought after, or an unbiased, unemotional point of view.

Behavior

Observable actions or responses of an individual or group.