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Barry's Graphic Arts Studio sponsors a qualified profit-sharing plan. The plan requires employees to complete one year of service and be 21 years old before
Barry's Graphic Arts Studio sponsors a qualified profit-sharing plan. The plan requires employees to complete one year of service and be 21 years old before entering the plan. The plan has two entrance dates per year, January 1 st and July 1 st. Assuming that today is December 15,2023 and the Studio has the following employee information, which of the following statements is correct? Del has not yet entered the plan Two people have entered the plan The qualified plan must provide participants with 100% vesting upon entering the plan because of the eligibility requirements of the plan Jenn entered the plan on July 1,2023
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