Under a 401(k) plan, what is compared to determine if the plan unfairly discriminates in favor of highly compensated employees?
A) the average percentage of salary made available to the highly compensated to defer is compared to the average percentage of salary made available to other eligible employees to defer
B) the ratio of eligible highly compensated employees is compared to the ratio of eligible other employees
C) the average percentage of salary deferred by the highly compensated is compared to the average percentage of salary deferred by other eligible employees
D) the percentage of highly compensated employees over age 50 who participate is compared to the percentage of all other employees who participate
Answer: C
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Explain three functions of a successful conversation.
What will be an ideal response?
According to the Case: Truett Cathy, Founder of Chick-fil-A, how did a Chick-fil-A Operator (restaurant manager) describe his goals for his employees?
a. he uses learning goals b. he sets very specific goals in terms of the number of customers served per hour, the number of sandwiches made per hour, etc. and times employees carefully c. he uses a profit-sharing plan with every employee, including the part-timers d. he takes a personal interest in each employee, and stated, “My goal for them first is to be successful in life, and then to be a good Chick-fil-A team member.”
Arnold buys a backhoe from Big Dig Equipment Inc Arnold is unaware that Credit Collection Company holds a lien against the backhoe when he buys it. If Credit Collection repossesses the backhoe, Arnold can
a. recover from Big Dig for breach of warranty. b. do nothing. c. file criminal charges against Big Dig and Credit Collection. d. recover damages from Credit Collection for breach of warranty.
Which of the following is a source of long-term funds for a firm?
A. Revolving credit agreements B. Factoring C. Spontaneous financing D. Retained earnings