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Barry, a business owner, is interested in adding a Qualified Plan to save money for his retirement and help his employees as well. While his
Barry, a business owner, is interested in adding a Qualified Plan to save money for his retirement and help his employees as well. While his business is thriving, he has very little cash to contribute as it is being used to grow the business. He is okay giving up part of the ownership of his plan to his employees.
What plan would be best for Barry to adopt?
Target Benefit Plan | ||
Defined Benefit Plan | ||
Stock Bonus Plan | ||
New Comparability Plan |
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