Exam (elaborations)
CDFA EXAM STUDY MATERIALS | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
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An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. Correct Answer: 5-year cliff vesting An employee who has completed at least three years of service must have a nonforfeitable right to at least t...
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