Discuss statements concerning defined-contribution plans


Question: Which of the following statements concerning defined-contribution plans that integrate with Social Security is correct? Group of answer choices Annual non-discrimination testing is required for a plan that integrates with Social Security. If employees receive a contribution of 3% of total compensation, then an additional 3% of total compensation can also be contributed for compensation between the integration level and the income cap. The maximum integration level is $275,000. Only money-purchase pension plans can have a formula that integrates with Social Security.

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