Question: Which statement about pension plans is incorrect? are established to encourage people to save for retirement are tax deferred, not tax free usually have a

Which statement about pension plans is incorrect? are established to encourage

Which statement about pension plans is incorrect? are established to encourage people to save for retirement are tax deferred, not tax free usually have a trustee must cover the rank and file must be for the exclusive benefit of employees and their beneficiaries employee and employer contributions must fully vest in five years. the plan must not discriminate in favor of highly compensated people

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