CRIMINAL PROCEDURE CODE EXAM
No other qualified plan or 403(b) - answers✔✔Simple IRA or Simple 401(k)
Younger employees benefit from years of contributions and compounding -
answers✔✔Profit sharing, SEP, or Tandem Plan
Business has stable cash flow and owner willing to make annual financial
commitment, but either unwilling or unable to commit more than 25%
compensation - answers✔✔Money Purchase or Target Benefit Plan to provid
age-weighted plan
Means to allow owner to meet his/her retirement - answers✔✔Defined
Benefit Plan
No more than 100 employees earing $5000 or more - answers✔✔Simple IRA
or Simple 401(k)
Desire plan that will motivate employees - answers✔✔Profit sharing, SEP, or
Tandem Plan
Seeks maximum tax shelter - answers✔✔Defined Benefit Plan
Business cash flow fluctuates - answers✔✔Profit sharing, SEP, or Tandem
Plan
