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Lassitude, Inc., a new and rapidly growing company, doesnt have a quailified plan. However, the company would like to provide a salary savings plan for its employees in order to retain it current and new employees. Assuming that Lassitude decides to implememtn a SIMPLE, which one of the following statements is true?
A. Lassitude, Inc. has 100 or fewer employees
B. An independent contractor would have to be hired to deal with the complicated paperwork invovled
C. Lassitude employees can rest assured that their savigs will provide adaquate retirement benefits.
D. Lassitude management will have to discolse to its employees that thier saving swont be portable.
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