Profit-Sharing Plans

What does substantial and recurring refer to with Profit-Sharing Plan contributions?
When are final employer contributions due for the year?
What is the three different way to allocate contributions to employees?
Which one of the three different ways to allocate contributions provide the most benefit to older people who are also owners of the company?
How is a New Comparability Plan different from the other profit-sharing plans? Who do comparability plans end up benefiting the most?
What does CODA stand for? What is the maximum level of employee contributions to these plans?
Chapter 5 – Profit-Sharing Plans Part 2

Who can establish a 401(k) plan?
Name at least three major differences between a Roth IRA and a Roth 401(k).
Describe which contributions to a retirement plan are subject to taxes.
Which plans have to pass the ACP & ADP nondiscrimination testing?
How is the ADP test calculated?
What has to happen if the ADP test is failed?
How can ADP/ACP tests be avoided?

Sample Solution

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