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What is one of the major benefits of a retirement plan being qualified under the law? Group of answer choices Employer contributions are tax-deductible and

What is one of the major benefits of a retirement plan being "qualified" under the law? Group of answer choices Employer contributions are tax-deductible and employee benefits are tax-deferred. The Plan doesn't have to conduct non-discrimination testing. The Plan doesn't have to comply with ERISA. The Plan is excused from submitting Form 5500

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