Question

If an employer maintains a SIMPLE plan, which of the following plans can it also have...

If an employer maintains a SIMPLE plan, which of the following plans can it also have in operation at the same time?

a) Qualified Plan

b) 403(b) Plan

c) SEP

d) None of the above are correct

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Answer:

Option D

There is no other plan which can also have in operation with the SIMPLE plan like the qualified plans such as Qualified plan, 403(b) plan and SEP

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