To Be Considered Tax Qualified An Employer Sponsored Retirement Plan Must Meet T

To be considered “tax qualified” an employer sponsored retirement plan must meet the following general requirements:

. . . . (1) It must be for the exclusive benefit of the participants and their beneficiaries.

. . . . (2) It must meet IRS requirements for vesting.

. . . . (3) The employer must assume the investment risk.

. . . . (4) The plan must provide ‘definitely determinable’ benefits.

. . . . (5) Age and sexual discrimination are only permitted in very specific, limited circumstances.

Select one:

a. All of the above.

b. (2), (3) and (5)

c. (1), (2) and (4)

d. (1), (2) and (3)

e. (3) and (4) only

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