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Which of the following statements are correct? a) SIMPLEs provide incentives to small employers to adopt retirement plans for employees with lower administrative costs and

Which of the following statements are correct?

a) SIMPLEs provide incentives to small employers to adopt retirement plans for employees with lower administrative costs and fewer setup procedures than qualified plans.

b) SIMPLE IRAs can permit participant loans

c) SIMPLE IRAs can require an employer to either match employee contributions or to provide nonelective contributions to all eligible employees

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