Paula is the owner of a medium-sized manufacturing company and isconsidering offering an employer-provided savings plan. Paula consults with her insurance agent, Rudy, to help determine which type of plan would best be suited for her firm. When does Paula ask Rudy what the difference is between a group registered retirement savings plan (GRRSP) and a deferred profit share plan (DPSP), which of the following is CORRECT?
 
 -GRRSPs are governed by pension standards legislation and DPSPs are not.
 -GRRSPs and DPSPs both do not have locking-in provisions of the plan amount.
 -GRRSP contributions are made only by the employee and DPSP contributions are made solely by the employer.
 -DPSPs have eligibility restrictions whereas GRRSPs do not.

a)i and ii
b)i and iii
c)ii and iv
d)iii and iv

Answer rating: 100% (QA)

The correct answer is D iii and iv Explanation In the case of DPSPs the employees are no... View the full answer