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49) Employers with 100 or fewer employees who received $5000 or more in compensation for the preceding year: a. may not establish a SIMPLE plan
49) Employers with 100 or fewer employees who received $5000 or more in compensation for the preceding year: a. may not establish a SIMPLE plan b. has solely the option of establishing a 401(k) plan if the employer wants to set up an employer sponsored retirement plan C. may establish a SIMPLE plan d. has solely the option of establishing a SIMPLE plan if the employer wants to set up an employer sponsored retirement plan
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