true/false questions

  1. False: Qualified plan can cover just key EEs and bus owners

  2. True: designation “highly compensated” is given to EEs that have a certain % of bus ownership or are in the top paid group

  3. False: qualified defined benefit plans can be integrated with SS but qualified defined contribution plans cannot

  4. False: Benefits attributed to ER contribution in a defined benefit plan must follow either 3 yr vesting or 2-6 yr vesting

  5. False: generally, it is to an ER’s advantage to contribute more to a qualified plan than is deductible