Which of the following statements is correct regarding the qualified automatic contribution arrangement (QACA)? The QACA...

Which of the following statements is correct regarding the qualified automatic contribution arrangement (QACA)?

The QACA can be used to avoid ADP testing.

The required employer contribution (or match) is the same as required for a safe harbor plan.

a. 1 only.

b. 2 only.

c. Both 1 and 2.

d. Neither 1 nor 2.

Expert Solution

ekkarill92 answered 2 years ago

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