CRPS Practice Questions - CRPS Chartered Retirement Plans Specialist Exam

Which of the following is a core requirement for a retirement plan to be qualified under federal tax rules?

It must be funded only with employee contributions It must be maintained in writing for the exclusive benefit of employees and beneficiaries It must always provide immediate 100% vesting of employer contributions It must be exempt from all nondiscrimination testing

Correct Answer:

It must be maintained in writing for the exclusive benefit of employees and beneficiaries

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