Which of the following are exempt from the 10% penalty on qualified plan distributions made before age 591/2? .... I. distributions made to an employee because of "immediate and heavy" financial need. ... II. In-service distributions made to an employee age 55 or older ... . III. Distributions made to a beneficiary after the participant's death .... IV. Substantially equal periodic payments made to a participant following separation from service, based on the participant's remaining life expectancy. Select one: a. I and II only b. III and IV only c. I, II, and III only d. I, II, and IV only e. II, III, and IV only