Question
An employer has adopted a SEP for his employees. What can you tell the employer if he wishes to add loans, in addition to employee
An employer has adopted a SEP for his employees. What can you tell the employer if he wishes to add loans, in addition to employee contributions?
| a. | Either a SIMPLE IRA, a SIMPLE 401(k), or a combination of a regular 401(k) and profit-sharing plans will fill these requirements. | |
| b. | Either a SIMPLE 401(k) or the combination 401(k) and profit-sharing plan can allow for loans. | |
| c. | He can already take loans from his existing SEP. | |
| d. | Only the combination 401(k) and profit-sharing option will allow for these requirements.
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
