Answered

Which of the following is NOT a federal requirement of a qualified plan?

A. Must benefit a broad cross-section of employees
B. Employee must be able to make unlimited contributions
C. Vesting schedule must be defined
D. Employer establishes the plan



Answer :

GinnyAnswer

Final answer:

Employee unlimited contributions are not a federal requirement for a qualified plan.


Explanation:

The federal requirement of a qualified plan that is NOT mandatory is:

  • Employee must be able to make unlimited contributions

Qualified plans must benefit a broad cross-section of employees, have a defined vesting schedule, and be established by the employer. Contributions by employees are not unlimited in a qualified plan.


Learn more about Qualified Plans here:

https://brainly.com/question/41447300


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