Question: Nex sponsors a DB(k) plan that provides benefits for all employees. Nex adopted the plan four years ago. Kleen, who is age 55 and earns $100,000, has been employed for the last ten years with Nex. Which of the following statements is correct regarding Kleen's benefits under Nex's DB(k) plan? Kleen will be limited on his deferral to the 401(k) plan because of the required contribution to the DB part of the plan. If the DB(k) plan provides for a cash balance option, then Kleen should be receiving pay credits of 6% per year. All benefits provided under the DB(k) plan will be 100 percent vested for Kleen. Because this plan is a proto-type DB (k) plan, Nex will not have to file a Form 5500.