SIMPLE and SEP Plans Are Subject to the Same Nondiscrimination

question 34

True/False

SIMPLE and SEP plans are subject to the same nondiscrimination rules that apply to other retirement plans.

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Definitions:

Expected Value

The long-run average value of repetitions of the experiment it represents, known in statistics as the mean of the probability distribution.

Sample Means

Sample Means are the averages calculated from a sample, used as estimates of the population mean.

Normally Distributed

A statistical distribution where data is symmetrically distributed around the mean, forming a bell-shaped curve.

Independent Samples

Samples in which the selection of individuals in one sample does not influence, or is not related to, the selection of individuals in another sample.