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Samuel age 55 is a participant in his company's Safe Harbor Profit Sharing Plan. He earns $350,000 per year. The plan makes the minimum required
Samuel age 55 is a participant in his company's Safe Harbor Profit Sharing Plan. He earns $350,000 per year. The plan makes the minimum required contribution to qualify as a Safe Harbor Plan. If Samuel makes the maximum salary deferral that he can, how much will be added to his 401k account this year? Group of answer choices
A. $28,050
B. $30,000
C. $34,550
D. $36,500
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