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Nick is concerned about how he will fund contributions to a dened contribution plan. You recommend that he use a unit formula based on employee

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Nick is concerned about how he will fund contributions to a dened contribution plan. You recommend that he use a unit formula based on employee compensation and years of service. The formula is calculated using one unit of credit for each year of service and one unit of credit for each $10,093 in earnings. if Nick is willing to allocate $3, in total contributions in any given year, using a total allocation of 80 units {and disregarding any key employee or top-heavy restrictions], what is the maximum amount that will be contributed to Nick's account? a. 559,6?5 a. $13,225 c. $15,335 d. 5522,3750

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