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) Pension Plans. (Obj. 3) Three common pension plans employers can provide to their employees are SEP,401(k), and SIMPLE plans. For each of the following
) Pension Plans. (Obj. 3) Three common pension plans employers can provide to their employees are SEP,401(k), and SIMPLE plans. For each of the following statements, identify the plan or plans having the described characteristics. a. This is plan allows employees under age 50 to contribute up to $14,000 of their wages to their plan in 2022. b. This is plan allows only employers to make contributions to employees' plans. c. Employers are required to make matching contributions to this plan. d. The maximum contribution to this plan is the lesser of $56,000 or 25% of the employee's compensation. e. Employees can contribute pre-tax earnings to this plan
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