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1 vote
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.

1 Answer

5 votes

Final answer:

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.

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