Question: The CFO feels bad about having a plan for the exclusive benefit of key employees, including herself. She would like you to recommend a qualified

The CFO feels bad about having a plan for the exclusive benefit of key employees, including herself. She would like you to recommend a qualified plan that would allow her to restrict employee contributions but would permit the firm to make contributions as a tool to increase employee productivity. Which of the following three plans should she use?

I. A defined benefit plan

.

A stock bonus plan

III. An ESOP

.

I only

.

II only

.

II or III only

.

I, II

,

or III

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