To Qualify as a Nondiscriminating Defined Contribution Plan,it Must Meet

question 40

Multiple Choice

To qualify as a nondiscriminating defined contribution plan,it must meet which two safe harbors? (Defined Contribution Plans)

• A)Base contribution formula or collateral contribution formula
• B)Fixed first-dollar-of-profits formula or graduated first-dollar-of-profits formula
• C)Uniform allocation formula or uniform points allocation formula
• D)Profitability threshold formula or the backloading formula

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Definitions:

Concrete Operations

The third stage in Piaget’s cognitive-developmental theory of moral development, characterized by flexible, reversible thought concerning tangible objects and events.

Longitudinal Research

The study of developmental processes by taking repeated measures of the same group of children at various stages of development.

Educational Success

involves achieving set goals in learning and education, often measured through grades, attainment of knowledge, skills, and qualifications.

Parent's Education

Parent's education relates to the highest level of schooling completed by a child's mother or father, which can impact the child's educational aspirations and achievements.