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Which of the following statements regarding both a SEP plan and a qualified profit-sharing plan is CORRECT? a. Annual employer contributions are mandatory. b. The

Which of the following statements regarding both a SEP plan and a qualified profit-sharing plan is CORRECT?

a. Annual employer contributions are mandatory.

b. The investment risk is borne by the employer.

c. Immediate 100% vesting of all contributions is required.

d. The employers tax-deductible contributions are limited to 25% of aggregate covered compensation.

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