Solution-Determine the ability to contribute to a roth to

Determine the ability to contribute to a roth to its plan

Assignment Help Accounting Basics

Reference no: EM132468959

Question 1: Durango Mining already offers a traditional 401(k) plan for its employees, and is considering adding the ability to contribute to a Roth 401(k) to its plan. Which of the following would be true if Durango were to offer both a traditional 401(k) plan and a Roth 401(k) plan to its employees?

Point 1. Unlike Roth IRA accounts, there are minimum distribution requirements associated with Roth 401(k) accounts.

Point 2. The aggregate deferral limit for employees, taking into account both the traditional and Roth 401(k) plans, would be $25,000.

Point 3. The Roth 401(k) plan could restrict participation based upon income limits.

Point 4. Employer matching contributions can be commingled with employee contributions made to a Roth 401(k).

Reference no: EM132468959

Questions Cloud

Record the cash collected for membership fees : In 2005, Costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). Record this transaction in the financial statement effects template

Describe will compensation for purposes of qualified plan : Describe Will's "compensation," for purposes of the qualified plan rules in 2019? Will Briggs is the sole owner of Briggs Engines Inc., an S corporation.

Four sets of factors affecting consumer behavior : What are the four sets of factors affecting consumer behavior and which most strongly affects how college sports fans consume a sport?

Experiencing gentrification and growth : What kind of lease should a new retail enterprise, openng its first store in an urban location that is experiencing gentrification and growth

Determine the ability to contribute to a roth to its plan : What would be true if Durango were to offer both a traditional 401(k) plan and a Roth 401(k) plan to its employees? determine with an example

Determine and produce a final budget and financial plan : Produce a final budget(s) and financial plan which includes recommendations and contingency plan for presenting to the appropriate senior person in organization

What monitoring and reporting process does organisation use : What monitoring and reporting processes does your organisation use? How do you know if the implemented changes have been successful?

Calculate eoq : "In the process of maintaining inventory records and physical count of goods on hand, error may occur." Explain.Calculate average inventory when safety stock

7AAD0054 Automotive dynamics and safety Assignment : 7AAD0054 Automotive dynamics and safety Assignment Help and Solution, University of Hertfordshire - Assessment Writing Service

User Account

All Pages

Determine the ability to contribute to a roth to its plan

Reference no: EM132468959

Reference no: EM132468959

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT