Which type of retirement plan would not be available to a corporation with 3,000 employees?
A)ESOP
B)401(k)
C)SIMPLE plan
D)Profit sharing plan

Name: Which type of retirement plan would not be available to a corporation with 3,000 employees? A)ESOP B)401(k) C)SIMPLE plan D)Profit sharing plan
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Question

Quizplus · Accepted Answer

A SIMPLE (Savings Incentive Match Plan for Employees) plan is not available to corporations with more than 100 employees. It is designed for small businesses to provide employees with a retirement savings plan.

Which Type of Retirement Plan Would Not Be Available to a Corporation