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Patrick owns a small business with four employees. He would like to contribute to their retirement, but only in years when profits are over a

Patrick owns a small business with four employees. He would like to contribute to their retirement, but only in years when profits are over a certain amount. Which of the following retirement plans would make the most sense for him?

SIMPLE 401(k).

SIMPLE IRA.

SEP IRA.

Solo 401(k).

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