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Which of the following statements regarding qualified and nonqualified retirement plans is CORRECT? A) A nonqualified plan is totally exempt from ERISA requirements. B) A
Which of the following statements regarding qualified and nonqualified retirement plans is CORRECT?
A) A nonqualified plan is totally exempt from ERISA requirements.
B) A nonqualified plan permits an employer to deduct contributions at the time they are made.
C) A qualified plan costs less to administer than a nonqualified plan.
D) A nonqualified plan is allowed to discriminate in favor of selected upper management employees.
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