Research Problem 8. Using the blank chart below, determine the appropriateness of the type of retirement plan for the four types of entities. Use the following nomen- clature: H: high appropriateness, M: moderate appropriateness, L: low or no appro- priateness, NA: not applicable. In addition to information in this chapter, also review resources at the IRS website and other reliable websites.
Research Problem 8. Using the blank chart below, determine the appropriateness of the type of retirement plan for the four types of entities. Use the following nomen- clature: H: high appropriateness, M: moderate appropriateness, L: low or no appro- priateness, NA: not applicable. In addition to information in this chapter, also review resources at the IRS website and other reliable websites.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Research Problem 8. Using the blank chart below, determine the appropriateness of
the type of retirement plan for the four types of entities. Use the following nomen-
clature: H: high appropriateness, M: moderate appropriateness, L: low or no appro-
priateness, NA: not applicable. In addition to information in this chapter, also review
resources at the IRS website and other reliable websites.
Sole
Smaller S
Plan
Proprietorship
Corporation
Large Company
Nonprofit
IRA
SIMPLE IRA
Roth IRA
SEP
Кeogh
SIMPLE S 401 (k)
Independent
§ 401(k)
(no employees)
§ 401(k)*
Defined
Contribution
Defined
Benefit
Cash balance
§ 403(b)/
§ 457(b)
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