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Based on the case information, what kind of retirement plan should Classic Auto adopt and why? A SIMPLE with a 3% match to keep employer
Based on the case information, what kind of retirement plan should Classic Auto adopt and why?
A SIMPLE with a 3% match to keep employer contributions down
A profit-sharing 401(k) with a 50% match to allow Gordon to benefit the most from the plan
A profit-sharing plan (20%)
A SEP (20%)
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