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FP$515$ OnDemand Retirement Savings and Income Planning

Question $35$ of $85$

Question ID: $1620945$

All of these statements regarding simplified employee pension $($SEP$)$ plans are correct EXCEPT

A$)$ their major advantage is simplicity.

B$)$ they can be establashed by any form of business entity.

C$)$ all part$-$time employees can be excluded.

D$)$ employer contributions are discretionary.

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