Determine the correct qualified plans summary plan, Ask an Expert

Finance

Which of the following statements concerning a qualified plan's summary plan description (SPD) is correct?

I. It typically is used to persuade employees to join the plan.

II. It is an easy-to-read booklet that explains the plan to the participants.

III. It must be issued to participants within 120 days after the plan is adopted by the board of directors.

A. I only

B. II only

C. III only

D. II and III only

E. I, II, and III

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9215101

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