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:

Sequencer Program

A computer program designed to manage the execution order of other programs or instructions in a sequence.

Sequencer Instructions

Instructions used in PLC programming to execute a series of operations or control a process step by step.

Retentive

Pertaining to a device or process that retains its state or data even after power is lost or reset.

Program Modification

The process of making changes or updates to software or a set of instructions to correct errors or enhance functionality.