Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  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,...

90.2K

Verified Solution

Question

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
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

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?

Other questions asked by students

Q

Consider the relation R on N such that xRy if and only if the sum of...

Advance Math
Q

In terms of gene expression genes have the control to be A turned on and...

Biology
Q

Water is most dense atA. 20 degrees CelsiusB. 4 degrees CelsiusC. 95 degrees CelsiusD. 50...

Biology
Q

19 Cadmium and Boron rods are used in a nuclear reactor to 1 slow down...

Physics
Q

Graph the solution set of the following system of inequalities.y?x-9x-y?-3

Basic Math
Q

Question 8 of 9 1 point Question Attempt 2 9 Coffee The mean caffeine content...

Statistics
Q

Binary expression tree emphasizing two main properties in which their internal and leaf 100 y...

Algebra
Q

Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative...

Accounting
Q

Some accounting scholars believe that ratio analysis can only provide the restricted view of firms...

Accounting
Q

Trico Company set the following standard unit costs for its single product Direct materials (30...

Accounting
Q

A fund has $2,000,000 in assets and $500,000 in liabilities. If it has 100,000 shares...

Accounting
Q

A continuacin se presenta el estado de resultados del ao en curso de Forten Company,...

Accounting