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In order for a retirement plan to maintain its qualified status, it must maintain certain
characteristics. Which of the following is not a qualifying characteristic?
A . Benefits may not be withdrawn prior to termination of employment or retirement.
B. Contributions and benefits are determined in the long run by the profits of the employer.
C. Generally pays retirement benefits over a period of years.
D. Benefits must be definitely determinable under a formula for employer contribution or a formula
for retirement benefits.

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  • 1. In order for a retirement plan to maintain its qualified status, it must maintain certain characteristics. Which of the following is not a qualifying characteristic? A . Benefits may not be withdrawn prior to termination of employment or retirement. B. Contributions and benefits are determined in the long run by the profits of the employer. C. Generally pays retirement benefits over a period of years. D. Benefits must be definitely determinable under a formula for employer contribution or a formula for retirement benefits.