Which of the followings is not a characteristic of a Keogh plan?
A)It establishes a trust.
B)It is considered to be a qualified plan.
C)Contribution to plan by extension due date.
D)Favorable 10-year forward averaging is not available.
E)All of these are characteristics.

Question

Quizplus · Accepted Answer

Keogh plans allow for favorable 10-year forward averaging, therefore, this statement is not a characteristic of a Keogh plan. A, B, and C are all characteristics of Keogh plans.

Which of the Followings Is Not a Characteristic of a Keogh