CRPC TEST 2025
Answer: Simple 401(k) or Simple IRA; no other eligible plan or 403(b)
Compounding and years of contributions help younger workers. ANSWER
Tandem Plan, SEP, or profit sharing
The company's cash flow is steady, and the owner is prepared to make an
annual financial commitment, but they are unable or unable to pay more than
25% of the total remuneration. ANSWER Money Purchase or Target Benefit
Provide an age-weighted plan.
ANSWER Defined Benefit Plan: A way for the owner to reach their retirement
goals
No more than 100 workers are making $5,000 or more. ANSWER Simple
401(k) or Simple IRA
Plan that will inspire workers: ANSWER Tandem Plan, SEP, or profit sharing
seeks the highest possible tax shelter through the ANSWER Defined Benefit
Plan.
Cash flow in a business varies. ANSWER Profit sharing, SEP, or Tandem Plan
The owner is ready to contribute a small amount, such as 2% or 3% of their pay,
to a simple 401(k) or simple IRA.
ANSWER Defined Benefit Plan: A way for the owner to reach their retirement
goals
A simple 401(k) or IRA is the ideal option if you want extremely low
administrative costs.
Investment risk acceptance - ANSWER Defined Benefit Plan
Answer: Simple 401(k) or Simple IRA; no other eligible plan or 403(b)
Compounding and years of contributions help younger workers. ANSWER
Tandem Plan, SEP, or profit sharing
The company's cash flow is steady, and the owner is prepared to make an
annual financial commitment, but they are unable or unable to pay more than
25% of the total remuneration. ANSWER Money Purchase or Target Benefit
Provide an age-weighted plan.
ANSWER Defined Benefit Plan: A way for the owner to reach their retirement
goals
No more than 100 workers are making $5,000 or more. ANSWER Simple
401(k) or Simple IRA
Plan that will inspire workers: ANSWER Tandem Plan, SEP, or profit sharing
seeks the highest possible tax shelter through the ANSWER Defined Benefit
Plan.
Cash flow in a business varies. ANSWER Profit sharing, SEP, or Tandem Plan
The owner is ready to contribute a small amount, such as 2% or 3% of their pay,
to a simple 401(k) or simple IRA.
ANSWER Defined Benefit Plan: A way for the owner to reach their retirement
goals
A simple 401(k) or IRA is the ideal option if you want extremely low
administrative costs.
Investment risk acceptance - ANSWER Defined Benefit Plan
