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  3. 1. read ch.19 "section 401(k) plan" and answer the

1. Read Ch.19 "Section 401(k) Plan" and answer the following questions via Microsoft Word, individual homework,...

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Finance

1. Read Ch.19 "Section 401(k) Plan" and answer the followingquestions via Microsoft Word, individual homework, bring a hardcopy of your homework to Class for classroom discussion:

1. What kind of organizations can adopt Section 401 (K)plans?

2. Is the Department of Labor's new fiduciary rule likely tohave a significant impact on how 401(K) plans are administred?

3. Can a one-person business (proprietorship or corporation)adopt an individual 401(K) plan for the owner?

Answer & Explanation Solved by verified expert
3.7 Ratings (571 Votes)
A 401k plan can be adopted by any self employed business that would include a sole proprietorship limited liability company partnership c corporation s corporation etc The business adopting this plan must not employ any full time employees that are eligible to participate in the plan other than the business partners their spouses A full time employee is one    See Answer
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1. Read Ch.19 "Section 401(k) Plan" and answer the followingquestions via Microsoft Word, individual homework, bring a hardcopy of your homework to Class for classroom discussion:1. What kind of organizations can adopt Section 401 (K)plans?2. Is the Department of Labor's new fiduciary rule likely tohave a significant impact on how 401(K) plans are administred?3. Can a one-person business (proprietorship or corporation)adopt an individual 401(K) plan for the owner?

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