If a qualified defined contribution retirement plan is found to meet requirements under ERISA and IRS Regulations, which of the following statements is CORRECT? The employees are not taxed on plan contributions or earnings attributed to plan contributions as long as a plan distribution does not occur. The PBGC will provide coverage to the plan. The employer is permitted to use a 3-years-of-service eligibility requirement as long as employer contributions are immediately 100% vested to participants. The participating employees must petition the IRS for acceptance of the plan