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Which of the following is NOT a characteristic of a Deferred Profit Sharing Plan (DPSP)? Guaranteed benefit amount. Taxable benefit when withdrawn. Incentive for employees

Which of the following is NOT a characteristic of a Deferred Profit Sharing Plan (DPSP)?

Guaranteed benefit amount.

Taxable benefit when withdrawn.

Incentive for employees to work harder.

Employer contributions are dependent upon profitability achieved.

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