Special vesting rules apply to qualified defined contribution plans with voluntary employee contributions and matching employer contributions. Which of the following statements is (are) true with respect to these vesting rules?
I. Employer contributions must vest immediately.
II. Graded vesting is permitted, and employer contributions must be 20 percent vested after 2 years, with an additional 20 percent vested in each of the next 4 years.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Which is true of the Uniform Vendor and Purchaser Risk Act?
A. It ships the rest of them just to the property to the buyer should the buyer take occupancy of the premises. B. It makes it illegal for the buyer to take possession of the premises as the buyer provides fire insurance for the premises. C. Makes it illegal for the buyer to take possession of the premises unless the buyer provides for insurance for the premises and earthquake insurance, if the property is in an earthquake zone. D. It states that if the premise are impacted by damage is covered by insurance, the insurance proceeds must be paid to the escrow.
A skimming pricing strategy, is used when the firm intends to make its overall profits through selling fewer units at a higher profit per unit
Indicate whether the statement is true or false