Which of the following statements regarding minimum vesting standards for qualified defined benefit plans is (are) true?
I. The vesting standards apply to both employer and employee retirement contributions.
II. Employers may vest benefits more quickly than the minimum standards .
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: B
Place an order in 3 easy steps. Takes less than 5 mins.