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Establishing an employer-sponsored retirement plan

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Reference no: EM133115922

Jaylen would like to start maximizing retirement savings by establishing an employer-sponsored retirement plan for Troy Metals Inc. Additional objectives for the plan are to retain and reward current full-time employees of the business while maintaining cash flow flexibility. Jaylen has narrowed the choices for a retirement plan to the following options and has asked you to give your recommendation. State which plan you recommend and why, providing at least two cons for each of the plans you don't recommend and three pros for the plan you do recommend.

-SIMPLE IRA

-simplified employee pension (SEP)

-safe harbor 401(k)

-target benefit Page

Reference no: EM133115922

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