A SIMPLE plan is not a qualified plan and therefore does not require annual testing so long as contribution requirements are met.

2. Simple IRAs are primarily funded with employer contributions.

3. All contributions to a Simple IRA are fully vested.

4. The maximum elective deferral contribution to a SIMPLE IRA plan is $18,500 for 2018 and $24,500 for 2018 for an employee who has attained the age of 50.

a. 3 only

b. 1 and 3

c. 1,2, and 3

d. 2,3, and 4