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A SIMPLE plan is not a qualified plan and therefore does not require annual testing so long as contribution requirements are met. 2. Simple IRAs
A SIMPLE plan is not a qualified plan and therefore does not require annual testing so long as contribution requirements are met.
2. Simple IRAs are primarily funded with employer contributions.
3. All contributions to a Simple IRA are fully vested.
4. The maximum elective deferral contribution to a SIMPLE IRA plan is $18,500 for 2018 and $24,500 for 2018 for an employee who has attained the age of 50.
a. 3 only
b. 1 and 3
c. 1,2, and 3
d. 2,3, and 4
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