Small business owners have a number of retirement plans available to t
Small business owners have a number of retirement plans available to them. One type of plan is limited to employers with 100 or fewer eligible employees.
Under this type of plan, small employers are exempt from most of the nondiscrimination and administrative rules that apply to qualified plans. Such plans are called
A) Keogh plans.
B) SIMPLE retirement plans.
C) cash balance plans.
D) profit sharing plans.
ANSWER
Answer: B
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