which of the following is the most important criterion in determining an employees nonforfeitable percentage in...

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which of the following is the most important criterion in determining an employees nonforfeitable percentage in...

which of the following is the most important criterion in determining an employees nonforfeitable percentage in a qualified plan?
a. employee age
b. employee position
c. years of plan participation
d. years of service

business accounting

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Answer 1

Answer #1

Years of service is the most important criterion in determining an employees nonforfeitable percentage in a qualified plan

The employees nonforfeitable percentage increases with increase in years of service.

Option D is correct

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Answer 2

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