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Which of the following requirements should be fulfilled by a pension plan to be qualified? Group of answer choices The plan must be designed to
Which of the following requirements should be fulfilled by a pension plan to be qualified?
Group of answer choices
The plan must be designed to be permanent and have continuing contributions.
The principal or income of the pension plan cannot be diverted to any other purpose even if the assets exceed those required to cover accrued pension benefits.
The plan must be for the exclusive benefit of the employees rather than their beneficiaries.
The plan must not be applicable to the highly compensated employees of the organization.
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