Which of the following statements is correct regarding the qualified automatic contribution arrangement (QACA)? The...

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Accounting

Which of the following statements is correct regarding the qualified automatic contribution arrangement (QACA)?

The QACA can be used to avoid ADP testing.

The required employer contribution (or match) is the same as required for a safe harbor plan.

a. 1 only.

b. 2 only.

c. Both 1 and 2.

d. Neither 1 nor 2.

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