Qualified retirement plans are available to which group?

• A. All employees
• B. Only executives
• C. Only employees with tenure over 5 years
• D. Not available to non-managerial staff

Answer: (A)

Qualified retirement plans are designed to provide retirement savings opportunities to a broad group of workers, not just a privileged subset. Employers set eligibility rules (such as a minimum age or a minimum period of service), but the intent is for employees who meet those rules to participate. The plan must also pass nondiscrimination tests to ensure benefits don’t disproportionately favor executives or highly compensated staff, reinforcing the idea that participation is available to a wide range of employees. Because of that inclusive aim, the best answer is that qualified retirement plans are available to all employees who meet the plan’s eligibility criteria.