CORRECT ANSWERS 2025/2026
NoAotherAqualifiedAplanAorA403(b)A-AcorrectAanswersSimpleAIRAAorASimpleA401(k)
YoungerAemployeesAbenefitAfromAyearsAofAcontributionsAandAcompoundingA-
AcorrectAanswersProfitAsharing,ASEP,AorATandemAPlan
BusinessAhasAstableAcashAflowAandAownerAwillingAtoAmakeAannualAfinancialAcommitment,AbutA
eitherAunwillingAorAunableAtoAcommitAmoreAthanA25%AcompensationA-
AcorrectAanswersMoneyAPurchaseAorATargetABenefitAPlanAtoAprovidAage-weightedAplan
MeansAtoAallowAownerAtoAmeetAhis/herAretirementA-AcorrectAanswersDefinedABenefitAPlan
NoAmoreAthanA100AemployeesAearingA$5000AorAmoreA-
AcorrectAanswersSimpleAIRAAorASimpleA401(k)
DesireAplanAthatAwillAmotivateAemployeesA-
AcorrectAanswersProfitAsharing,ASEP,AorATandemAPlan
SeeksAmaximumAtaxAshelterA-AcorrectAanswersDefinedABenefitAPlan
BusinessAcashAflowAfluctuatesA-AcorrectAanswersProfitAsharing,ASEP,AorATandemAPlan
OwnerAwillingAtoAmakeAminimalAcontribution-2%AorA3%AofAcompensationA-
AcorrectAanswersSimpleAIRAAorASimpleA401(k)
MeansAtoAallowAownerAtoAmeetAhis/herAretirementA-AcorrectAanswersDefinedABenefitAPlan
DesireAveryAlowAadministrativeAcostA-AcorrectAanswersSimpleAIRAAorASimpleA401(k)
WillingAtoAacceptAinvestmentAriskA-AcorrectAanswersDefinedABenefitAPlan
EasireAtoAcommunicateAplanAtoAemployees,AandAreduceAadministrativeAcostsA-
AcorrectAanswersMoneyAPurchaseAorATargetABenefitAPlanAtoAprovidAage-weightedAplan
ShiftAinvestmentAriskAtoAemployeesA-AcorrectAanswersProfitAsharing,ASEP,AorATandemAPlan
DesireAtoAprovideAtax-deferredAsavingsAforAemployeesA-
AcorrectAanswersSimpleAIRAAorASimpleA401(k)
OwnerAusuallyA45AorAolderAandAoldestAorAoneAofAtheAoldestAemployees,AonlyAoneAorAtwoAolderA
-AcorrectAanswersDefinedABenefitAPlan
YoungerAemployeesAbenefitAfromAyearsAofAcontributionsAandAcompoundingA-
AcorrectAanswersMoneyAPurchaseAorATargetABenefitAPlanAtoAprovidAage-weightedAplan
RewardAlong-termAemployees,AandAfavorAolderAemployeesA-
AcorrectAanswersDefinedABenefitAPlan