Question: Which statement is CORRECT regarding qualified retirement plans? A ) are regulated by the IRS and the Department of Labor. B ) have the same

Which statement is CORRECT regarding qualified retirement plans?
A)
are regulated by the IRS and the Department of Labor.
B)
have the same tax advantages as nonqualified plans.
C)
require an annual profit to allow funding for the plan.
D)
require 100% immediate vesting of employer contributions.

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