1. Which of the following is an example of a qualified retirement plan? Question options:...
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Finance
1. Which of the following is an example of a qualified retirement plan?
Question options:
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| Public 457(b) plan |
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| Cash or deferred arrangement (CODA) |
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| ISO Plan |
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| ESOP |
2. Qualified plan documents can be written to accommodate plan forfeitures in different ways. Which of the following statements is correct?
Question options:
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| Safe harbor 401(k) plans never allocate plan forfeitures of matching contributions to participants' accounts |
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| Stock bonus plans always allocate plan forfeitures to participants' accounts since it is a stock plan. |
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| Employers can use the forfeited funds to pay other expenses of the business outside the qualified plan |
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| Defined benefit plans (but not cash balance plans) have two options to deal with forfeitures |
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