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Which statement is CORRECT regarding qualified retirement plans? A) require 100% immediate vesting of employer contributions. B) are regulated by the IRS and the Department

Which statement is CORRECT regarding qualified retirement plans? A) require 100% immediate vesting of employer contributions. B) are regulated by the IRS and the Department of Labor. C) require an annual profit to allow funding for the plan. D) have the same tax advantages as nonqualified plans.

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