Question: Question 6 (1 point A company is prohibited from having both a SIMPLE IRA and a 401k plan active in the same calendar year. True

Question 6 (1 point A company is prohibited from having both

Question 6 (1 point A company is prohibited from having both a SIMPLE IRA and a 401k plan active in the same calendar year. True False Question 7 (1 point The two ADP (actual deferral percentage tests are designed to ensure that non highly compensated employees are not discriminated against by the plan True False Question 8 (1 point) A safe harbor 401k avoids the annual ADP testing requirement True False Question 9 (1 point) Loans are an allowed provision in 401k and SIMPLE RAS plans, but not from 403b plans, True False Question 10 (1 point) Both SIMPLE IRAs and 457 plans allow for in service rollovers Valtera minimum time period is met). True False

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