Question

Qualified plans are required to:

a. have a qualified investment manager.
b. have an IRS determination letter.
c. be covered under a prototype plan document.
d. be communicated to all employees who qualify as interested parties to the plan.

Answer 1

Qualified plans are required to have an IRS determination letter, be covered under a prototype plan document, and be communicated to all qualifying employees.

Step-by-step explanation:

Qualified plans are required to have an IRS determination letter, be covered under a prototype plan document, and be communicated to all employees who qualify as interested parties to the plan.