Which of the following statements regarding plan forfeitures in a money purchase pension plan is(are)...
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Accounting
Which of the following statements regarding plan forfeitures in a money purchase pension plan is(are) CORRECT? Plan forfeitures may be used to reduce future employer contributions. An employer may reallocate the plan forfeitures among the remaining plan participants, increasing their potential individual account balances but only up to the annual additions limit for each participant. A) I only B) Neither I nor II C) II only D) Both I and
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