Adopting a qualified retirement plan

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Reference no: EM1340210

Your client is a professional corporation that employs three older highly compensated accountants and two younger non-highly compensated office workers. The employer wants to adopt a qualified retirement plan that will maximize tax-deferred retirement savings for the accountants, as well as providing adequate benefits for all employees. Which of the following plans is most likely to meet these goals?

A. a cash balance plan

B. a defined benefit plan

C. a 401(k) plan

D. a profit sharing plan

Reference no: EM1340210

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