QKC Practice Questions - ASPPA Qualified 401(k) Consultant (QKC) Exam

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A leased employee is excluded from the recipient employer's plan if the leasing organization maintains a safe-harbor plan under IRC §414(n)(5). Which feature is required of that safe-harbor plan?

A money purchase pension plan with a 10% non-integrated contribution, immediate participation, and full and immediate vesting A 401(k) plan with at least 3% safe-harbor nonelective contributions A defined benefit plan providing at least a 2% accrual rate per year of service A SEP allowing each leased employee to contribute up to the §402(g) limit

Correct Answer:

A money purchase pension plan with a 10% non-integrated contribution, immediate participation, and full and immediate vesting

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