AFP
CTP · Question #298
(Topic 3) A small for-profit, start-up company is designing a retirement plan with the goal of minimizing costs and operating income volatility while providing a qualified retirement savings…
The correct answer is B. Internal Revenue Code 401(k) plan. See the full explanation below for the reasoning.
Question
- (Topic 3)
A small for-profit, start-up company is designing a retirement plan with the goal of minimizing costs and operating income volatility while providing a qualified retirement savings vehicle. Which of the following would be the BEST choice?
Options
- ADefined benefit plan
- BInternal Revenue Code 401(k) plan
- CHybrid plan
- DInternal Revenue Code 403 (b) plan
How the community answered
(56 responses)- A4% (2)
- B75% (42)
- C14% (8)
- D7% (4)
Community Discussion
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