young. A) True B) False A) True B) False A) True B) False 21. As an educational organization, a private university can adopt a TDA plan. 18. A cross-tested plan typically is not advantageous when many highly compensated employees are relatively 19. A SIMPLE IRA can be partially funded with salary reductions by employees. 20. An employer must make SEP contributions every year, regardless of company performance. 26. A bonus is considered part of regular salary A) True B) False 22. A nonqualified deferred compensation plan can be designed to cover any group of employees or one employee A) True B) False 23. Contribution to one Section 457 plan will reduce contributions to a second Section 457 plan. A) True B) False 24. Employees' subjective reaction to a benefit plan can be as important to plan success as the objective features of the plan. A) True B) False 25. Cash compensation is not as important in closely held corporations as it is in other forms of corporate A) True B) False organization. A) True B) False