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Naeha has attained two years of service with her employer, Fiasco, Inc. (FI). FI sponsors a top-heavy qualified profit-sharing plan and Naeha's vested account balance
Naeha has attained two years of service with her employer, Fiasco, Inc. (FI). FI sponsors a top-heavy qualified profit-sharing plan and Naeha's vested account balance within the plan is $40,000. If Naeha has never taken a plan loan before and does not reside in a qualified disaster area, what is the maximum loan Naeha can take, plan permitting? A. $20,000. B. $0. Plan loans are not permissible from a top-heavy profit-sharing plan. C. $40,000. D. $50,000
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