Question 1 (3 points) Saved An employer can offer a plan that combines features of a regular profit sharing plan, a savings plan, and Section 401(k) salary reductions. True False Question 2 (3 points) Saved In Section 401 (k) plans, employees can elect salary reductions either before salary earned or within a month after earnings have been received True False Question 3 (3 points) Saved An age-weighted plan allows for higher contribution levels as percentage of compensation for older plan entrants. True False Question 4 (3 points) Saved Advantages of a money purchase plan from the employer's point of view include which of the following: ability to use employee salary reductions or before-tax bonuses to decrease employer contribution to the plan tax deduction when contributions made to employee account employees bear investment risk only a and b only b and c Question 5 (3 points) Saved An advantage of a profit sharing plan from the employer's point of view includes which of the following? employer contributions to the plan are discretionary O plan can benefit long-term employees nonvested benefits can be reallocated to remaining employees allows integration with Social Security all of the above Question 6 (3 points) Saved The stock of Vagabond Corporation is not publicly traded. Vagabond has an ESOP A. Wanderer, an employee can expect that stock valuations will be made by an independent appraiser can demand that distributions from the ESOP be made in the form of employer stock can exercise a "put option" all of the above only a and b