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Which of the following is false about Deferred Profit Sharing Plans? The maximum contribution is 1 / 2 of the Money Purchase Limit. If there

Which of the following is false about Deferred Profit Sharing Plans?

The maximum contribution is

1 / 2

of the Money Purchase Limit.

If there are no profits, no contributions are made

Employees must contribute

It is a form of DCP

.

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