Question: Larry Kraft owns a restaurant that is open 7 days
Larry Kraft owns a restaurant that is open 7 days a week. He has 25 full-time employees, but he has fairly high employee turnover. He believes that he can stabilize his workforce if he has a pension plan for his employees. Larry hears about a new small business retirement plan called the SIMPLE IRA. What are the qualifications and limitations for him to establish this plan?
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