Calculate the geometric mean return since inception for each of the funds in the Company retirement plan. 
Retirement Information Both turns 65. They expect their retirement portfolio to earn a 10% pretax average e of return. They also expect their retirement period to last 30 years. Social Security retirement benefits for Benjamin are expected to be $26,000 annually at age 67, while Mia's Social Security benefit will be $9,600 annually at age 67. Benjamin has not contributed to the traditional IRA in several years. sponsors a profit-sharing plan with a Section 401 (k) feature. The Section 401(k) component of the plan allows participants to defer up to 20% of salary with a 3% employer match when participants save 6%. Neither nor has ever made deferrals to the plan, but both have vested balances in the plan, as follows. Vested Balance January 1, 2017 $80,000 $12,000 The plan allows participants to self-direct their retirement plan assets through the choice of various mutual funds. XYZ GADGET Company has recently established a phantom stock plan in which Benjamin is a participant. Benjamin's interest is 1% of XYZ GADGET as of yearend 2016. The Investment Options for the retirement plan are as follow on the next page The company has made the following profit-sharing contributions to the retirement plan for Benjamin and Mia for each of the related years. D Mia Benjamin None 2017 None $3,600 $15,000 $ 0 $13,605 $ 0 2016 2015 2014 2013 2012 Balance 1/1/2011 $10,366 $3,265 $2,488 $2,369 $ 0 $ 8,954 $25,000 | | All contributions are made December 31 of the indicated year. Annualized Returns of the Retirement Funds 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 15.01% 4.83% 41.14% 32.96% 0.03% 25.20% 9.97% 32.37% 1.77% 36.82% 14.50% ABC Small Co. Growth Fund ABC Growth Fund ABC Index Fund 9.66% 1.02% 37.23% 13.25% 27.77% 24.75% 21.99% 30.53% 3.01% 18.25% 0.10% 36.82% 0.35% 11.15% 7.08% ABC Foreign Fund 19.89% 4.60% 17.04% 22.98% 1.08% 24.69% 5.03% 13.71% 0.91% 32.87% 11.60% ABC Balanced Fund ABC Income Fund 14.75% 10.74% 8.91% 12.75% 8.32% 17.32% 6.74% 12.58% 4.43% 18.54% 9.21% 4.21% 3.87% 4.01% 5.02% 5.40% 4.75% 5.00% 5.25% 6.01% 6.71% 5.20% ABC Money Madcat Cuad Retirement Information Both turns 65. They expect their retirement portfolio to earn a 10% pretax average e of return. They also expect their retirement period to last 30 years. Social Security retirement benefits for Benjamin are expected to be $26,000 annually at age 67, while Mia's Social Security benefit will be $9,600 annually at age 67. Benjamin has not contributed to the traditional IRA in several years. sponsors a profit-sharing plan with a Section 401 (k) feature. The Section 401(k) component of the plan allows participants to defer up to 20% of salary with a 3% employer match when participants save 6%. Neither nor has ever made deferrals to the plan, but both have vested balances in the plan, as follows. Vested Balance January 1, 2017 $80,000 $12,000 The plan allows participants to self-direct their retirement plan assets through the choice of various mutual funds. XYZ GADGET Company has recently established a phantom stock plan in which Benjamin is a participant. Benjamin's interest is 1% of XYZ GADGET as of yearend 2016. The Investment Options for the retirement plan are as follow on the next page The company has made the following profit-sharing contributions to the retirement plan for Benjamin and Mia for each of the related years. D Mia Benjamin None 2017 None $3,600 $15,000 $ 0 $13,605 $ 0 2016 2015 2014 2013 2012 Balance 1/1/2011 $10,366 $3,265 $2,488 $2,369 $ 0 $ 8,954 $25,000 | | All contributions are made December 31 of the indicated year. Annualized Returns of the Retirement Funds 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 15.01% 4.83% 41.14% 32.96% 0.03% 25.20% 9.97% 32.37% 1.77% 36.82% 14.50% ABC Small Co. Growth Fund ABC Growth Fund ABC Index Fund 9.66% 1.02% 37.23% 13.25% 27.77% 24.75% 21.99% 30.53% 3.01% 18.25% 0.10% 36.82% 0.35% 11.15% 7.08% ABC Foreign Fund 19.89% 4.60% 17.04% 22.98% 1.08% 24.69% 5.03% 13.71% 0.91% 32.87% 11.60% ABC Balanced Fund ABC Income Fund 14.75% 10.74% 8.91% 12.75% 8.32% 17.32% 6.74% 12.58% 4.43% 18.54% 9.21% 4.21% 3.87% 4.01% 5.02% 5.40% 4.75% 5.00% 5.25% 6.01% 6.71% 5.20% ABC Money Madcat Cuad
