Harmony Services, Inc. has 58 employees. The company would like to implement an employer-sponsored retirement plan with
Question:
Harmony Services, Inc. has 58 employees. The company would like to implement an employer-sponsored retirement plan with flexible contributions. The census indicates that integration with Social Security benefits would benefit the higher-wage earners. The director of human resources would like a plan that is simple to install. Which of the following plans best fits the company’s needs?
A. Profit-sharing.
B. Profit-sharing 401(k).
C. SEP.
D. SIMPLE IRA.
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Step by Step Answer:
Answer D SIMPLE IRA A SIMPLE IRA Savings Incentive Ma...View the full answer
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Related Book For 
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
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