All of the Following Are Requirements of a Qualified Pension

question 57

Multiple Choice

All of the following are requirements of a qualified pension plan except:

• A)The plan must be in writing.
• B)The plan cannot discriminate in favor of highly paid employees.
• C)The plan must be for the exclusive benefit of the employees or their beneficiaries.
• D)The plan must cover all employees who have worked for the company more than 18 months.
• E)The plan must limit the amount of contributions that can be made to the plan and/or the benefits received from the plan.

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Definitions:

Second Heart Attack

A subsequent myocardial infarction that occurs in an individual who has already experienced one heart attack, emphasizing the importance of ongoing cardiac care and lifestyle modification.

Cardiovascular Disease

A broad term for diseases that involve the heart or blood vessels, including coronary artery disease, heart failure, and stroke.

Behaviors

Actions or reactions of individuals, usually in relation to their environment, which can be observable by others.

Risk

The probability of encountering harm or a loss in a given situation.