Using vesting schedules in a qualified plan

Reference no: EM1340235

Which of the following vesting schedules may be used in a qualified plan (for employer contributions that are not matching contributions) that is not top-heavy?

I. 0-10 years of service, 0% vested; 11-14 years of service, 50% vested; 15 or more years of service, 100% vested

II. 0-3 years of service, 40% vested; 4 years of service, 80% vested; 6 or more years of service, 100% vested

III. 2 years of service, 20% vested; 3 years of service, 40% vested; 4 years of service, 60% vested; 5 years of service, 80% vested; 6 or more years of service, 100% vested.

A. I only

B. II only

C. III only

D. II or III

E. I, II, and III

Reference no: EM1340235

Questions Cloud

Explain how does the heckscher-ohlin theory : Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.

Explaining the war on terrorism : What is the War on Terrorism? What events historically led up to it? How far back could/should we go?

How various codons make the 150 residues : A certain gene consists of 450 nucleotide pairs.How various codons make the 150 residues.

Explain clear policies to balance workplace monitoring : Explain Clear Policies to Balance Workplace Monitoring and Briefly summarize the article 2. Pick a side and agree or disagree with the article and elaborate on your point of view

Using vesting schedules in a qualified plan : Find which of the vesting schedules may be used in a qualified plan.

Principles or teachings to use in meeting : How would you carry out this meeting and what are some principles or teachings you would use?

Elucidate the macroeconomic and microeconomic concepts : Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.

How to identify the amino acids formed : A solution containing 80% cytosine and 20% uracil was used to create synthetic RNAs. A bacterial cell free system produced proteins using these mRNAs in the following proportions.

Explain property and consumer law : Explain Property and Consumer Law and The city's unemployment rate was double that of the state generally, and the population at its lowest point in 75 years

User Account

All Pages