For a retirement plan to be qualified, it must be designed for the benefit of (Choose from the following options)

Answer:

Employees.

explaination:

A qualified retirement plan is one that meets the requirements set forth by the IRS and is designed primarily for the benefit of employees. This means that the plan must provide financial security and support for employees as they prepare for retirement. The focus on employees ensures that they have a structured way to save and invest for their future, which is crucial for accumulating the necessary funds to support them during their retirement years. Plans that benefit only key employees or the employer do not meet the qualifications set by the IRS.

Topic: Retirement Planning, Qualified Plans

Tags: retirement qualified plans employee benefits financial security

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For a retirement plan to be qualified, it must be designed for the benefit of (Choose from the following options)

Question:

Choices:

Answer:

explaination: