Question ID: $1249952$

Mickey owns a manufacturing company with $60$ employees. He would like to implement a retirement plan that is easy to administer and permits both employee and employer contributions. What type of plan would you recommend?

A$)$

DB$($k$)$ plan

B$)$

Section $401($k$)$ plan

C$)$

SIMPLE IRA

D$)$

Simplified employee pension $($SEP$)$ plan