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Which statements regarding a money purchase plan is correct

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Reference no: EM132936320

Problem 1: Which of the following statements regarding a money purchase plan is (are) correct?

I. The employee can choose from among different levels of contribution rates.

II. The employer's contribution is a set formula often stated as a percentage of the employee's pay deferral into the plan.

III. Employees may be permitted to make voluntary after-tax contributions into the plan.

A. None.

B. I only.

C. I and II only.

D. II and III only.

E. I, II and III.

Reference no: EM132936320

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