Which Is Not a Disadvantage of a Qualified Pension or Profit

question 34

Multiple Choice

Which is not a disadvantage of a qualified pension or profit sharing plan?

• A) The employer must make contributions for most employees on a nondiscriminatory basis.
• B) There are a number of limits on contributions to defined contribution plans and on benefits that may be paid under defined benefit plans.
• C) Qualified plans have higher startup and administrative costs than nonqualified plans.
• D) Contributions are immediately deductible by the employer.
• E) All of the above are advantages.

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Definitions:

Enterprise Portals

Enterprise Portals are web-based platforms that provide employees a personalized and integrated access point to information, applications, and services relevant to their roles.

Specialized Knowledge

Expertise or deep understanding in a specific field or area, typically acquired through education or experience.

Self-Service

Systems or processes designed to allow customers or users to complete tasks on their own, often utilizing technology to facilitate transactions without direct service staff support.

Technology Platform

An underlying computer system on which application programs can run or on which digital processes can be executed.