$22\mathrm{.}0\%$ complete

Question

Ben, age $55$ and the owner of a computer repair shop, has come to you to establish a qualified plan. The repair shop, which employs mostly young employees $($full and part$-$time$),$ has had steady cash flows over the past few years, but Ben foresees shaky cash flows in the future as new computer prices decline. Ben would like to allocate as much of the plan contributions to himself as possible. He is the only employee whose compensation is in excess of $$100,000.$ Which of the following qualified plans would you advise Ben to establish?

A$.$SEP

B$.$Defined benefit pension plan

C$.$Profit Sharing Plan

D$.$Money purchase pension plan $($Integrated$)$