Question: 2 4 . 0 % complete Question Monarch Machines sponsors a 1 5 % money purchase pension plan and 4 0 1 ( k )

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Monarch Machines sponsors a 15% money purchase pension plan and 401(k) profit sharing plan in which the employees are permitted to defer up to 75% of their compensation. Monarch Machines matches employee deferral contributions 100% up to 6% of deferred compensation. If James, age 31, is a highly compensated employee who earns $270,000, what is the maximum he will receive as an employer match from Monarch in 2024 if the ADP of the NHC is 4%?
A.$0
B.$14,250
C.$16,200
D.$28,500

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