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Bland Foods, Inc. maintains a qualified retirement plan. The plan document imposes a 2-year waiting period before new employees may enter the plan. Which of
Bland Foods, Inc. maintains a qualified retirement plan. The plan document imposes a 2-year waiting period before new employees may enter the plan. Which of the following statements is(are) CORRECT? 1 The plan is in violation of ERISA. 2 The plan is a Section 401(k) plan. 3 The plan may use the normal qualified plan vesting schedules. 4 The plan must provide 100% vesting to all employees immediately upon entry. (Points : 2) |
1 and 3 1 and 2 2 and 4 4 only
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