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Mitchel, a sole-proprietor with no employees would like to establish a retirement plan that allows an employer match, employee contributions of $10,000 or more, and
Mitchel, a sole-proprietor with no employees would like to establish a retirement plan that allows an employer match, employee contributions of $10,000 or more, and a loan provision. Which of the following would likely be the plan for Mitchel?
a. SIMPLE IRA
b. One-participant 401(k)
c. Profit-sharing plan
d. Cash balance plan
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