A qualified plan is

1. a company-sponsored retirement plan with benefits guaranteed by the Employee Retirement Income Security Act (ERISA).
2. a tax-efficient way to save for retirement.
3. only applicable for firms with 50 or more employees.
4. considered a plan that benefits highly compensated employees only.

Question 19 options:

	II only
	I and III
	II and IV
	II, III, and IV