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A SEP is not a qualified plan and is not subject to all of the qualified plan rules. However, it is subject to many of

A SEP is not a qualified plan and is not subject to all of the qualified plan rules. However, it is subject to many of the same rules. Which of the following are true statements?
1. SEPs and qualified plans have the same funding deadlines.
2. The contribution limit for SEPs and qualified plans (defined contribution) is $69,000 per employee for the year 2024.
3. SEPs and qualified plans have the same ERISA protection from creditors.
4. SEPs and qualified plans have different nondiscriminatory and top-heavy rules.
Question 9 options:
1 only
1 and 2
2 and 4
1,2,3, and 4

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