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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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