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:

Rituals

Established sequences of activities or ceremonies performed in a particular context, often reflecting values or beliefs of a community or culture.

Predictable

Characterized by being able to be foreseen or expected based on certain indicators or patterns.

Prejudice

involves preconceived opinions or judgments formed without factual basis or experience, often leading to unfair treatment of individuals or groups.

Gender Egalitarianism

The belief in or advocacy for equal rights, responsibilities, and opportunities for men and women.