Which of these qualification requirements applies to an employee stock ownership plan (ESOP)?

A. At retirement, a lump sum distribution of employer securities is subject to ordinary income tax on the fair market value of the securities at the time of the distribution.

B. Assets may be invested primarily in qualifying employer securities.

C. Stock is sold via a public offering and the cash received on the table is contributed to the qualified plan by the employer.

D. No more than 50% of plan assets may be invested in employer securities