NIPA APR Practice Questions - NIPA APR Accredited Pension Representative Exam

Access More Questions

A safe-harbor 401(k) plan must satisfy ADP automatically through one of two contribution structures. Which pair correctly states the safe-harbor basic match and minimum nonelective formula?

Basic match: 100% of the first 3% of comp plus 50% of the next 2%; nonelective: 3% of compensation to all NHCEs Basic match: 50% of the first 6% of comp; nonelective: 5% of compensation to all NHCEs Basic match: 100% of the first 6% of comp; nonelective: 2% of compensation to all eligible participants Basic match: 100% on first 5% of comp; nonelective: 4% of compensation to all NHCEs

Correct Answer:

Basic match: 100% of the first 3% of comp plus 50% of the next 2%; nonelective: 3% of compensation to all NHCEs

Access more questions from this quiz

Continue to NIPA APR Practice Questions - NIPA APR Accredited Pension Representative Exam for more practice questions and the full quiz experience.

Access More Questions