What type of qualified plan primarily benefits an employer's key employee? A) Defined benefit (DB) plan...
Homework Answers
Solution: Top-heavy plan
Explanation: Key employees are specific officers or owners of the Employer. A retirement plan that mainly benefits "key employees" is known as "top-heavy plan." This plan is usually a "top-heavy plan" when more than 60% of the plan assets are attributable to employer's key employee.
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What type of qualified plan primarily benefits an employer's key
employee?
A) Defined benefit (DB) plan...
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