1. Business cash flow fluctuates - ANS-Profit sharing, SEP, or Tandem Plan
2. Business Cash flow fluctuates - ANS-Profit sharing, SEP, or Tandem Plan
3. Business has stable cash flow and owner willing to make annual financial commitment,
but either unwilling or unable to commit more than 25% compensation - ANS-Money
Purchase or Target Benefit Plan to provid age-weighted plan
4. Desire plan that will motivate employees - ANS-Profit sharing, SEP, or Tandem Plan
5. Desire to provide tax-deferred savings for employees - ANS-Simple IRA or Simple
401(k)
6. Desire very low administrative cost - ANS-Simple IRA or Simple 401(k)
7. Easire to communicate plan to employees, and reduce administrative costs -
ANS-Money Purchase or Target Benefit Plan to provid age-weighted plan
8. Means to allow owner to meet his/her retirement - ANS-Defined Benefit Plan
9. Means to allow owner to meet his/her retirement - ANS-Defined Benefit Plan
10. No more than 100 employees earing $5000 or more - ANS-Simple IRA or Simple 401(k)
11. No other qualified plan or 403(b) - ANS-Simple IRA or Simple 401(k)
12. No other qualified plan or 403(b) - ANS-Simple IRA or Simple 401(k)
13. Owner usually 45 or older and oldest or one of the oldest employees, only one or two
older - ANS-Defined Benefit Plan
14. Owner willing to make minimal contribution-2% or 3% of compensation - ANS-Simple
IRA or Simple 401(k)
15. Reward long-term employees, and favor older employees - ANS-Defined Benefit Plan
16. Seeks maximum tax shelter - ANS-Defined Benefit Plan
17. Shift investment risk to employees - ANS-Money Purchase or Target Benefit Plan to
provid age-weighted plan
18. Shift investment risk to employees - ANS-Profit sharing, SEP, or Tandem Plan
19. Willing and able to make annual financial commitment in excess of 25% of compensation
- ANS-Defined Benefit Plan
20. Willing to accept investment risk - ANS-Defined Benefit Plan
21. Younger employees benefit from years of contributions and compounding - ANS-Money
Purchase or Target Benefit Plan to provid age-weighted plan
22. Younger employees benefit from years of contributions and compounding - ANS-Profit
sharing, SEP, or Tandem Plan
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