Which of the following is NOT true for SIMPLE IRA plans?
A) Company matches dollar-for-dollar up to three percent of the employee's salary.
B) Employee contribution limit is $10,000.
C) Each employee should have received at least $16,000 in employee compensation for each of the past two years.
D) Participants are vested immediately.
Answer: C) Each employee should have received at least $16,000 in employee compensation for each of the past two years.
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