Who would benefit the most from the change away from the DB plan to a 401(k2 3. Answer What is the maximum contribution to a 401(k) of a worker age 56, who earns $20,000 per year as a 4. factory worker with Kryptonite? Answer 15 5 Lois Kent has been with Kryptonite for 10 years but is nervous now that Clark has taken over operations. She wants to know her options regarding taking money out of the 401(k) at a later date. You correctly tell her that she can access her 401(k) funds without penalty under what seven circumstances? Answer Clark has heard that the ADP testing is an issue for 401(k) plans. What are three ways to minimize this issue? 6 Answer: Who would benefit the most from the change away from the DB plan to a 401(k2 3. Answer What is the maximum contribution to a 401(k) of a worker age 56, who earns $20,000 per year as a 4. factory worker with Kryptonite? Answer 15 5 Lois Kent has been with Kryptonite for 10 years but is nervous now that Clark has taken over operations. She wants to know her options regarding taking money out of the 401(k) at a later date. You correctly tell her that she can access her 401(k) funds without penalty under what seven circumstances? Answer Clark has heard that the ADP testing is an issue for 401(k) plans. What are three ways to minimize this issue? 6