Difference between a qualified and nonqualified plan

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Reference no: EM13953848

Which is a difference between a qualified and nonqualified plan?

A) Qualified plans allow employees to take distributions from the plan tax-free after a certain number of years of service.

B) Employer contributions to nonqualified plans are taxable to the employee at retirement.

C) Nonqualified plans allow benefits to favor one group of employees.

D) Nonqualified plans prohibit discrimination among employees.

Reference no: EM13953848

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