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

question 7

Multiple Choice

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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Definitions:

Capital

The financial resources businesses use to fund their operations, including equity, debt, and retained earnings.

Worksheet

A paper or digital document used to organize and summarize data for analytical, accounting, or other purposes, often facilitating easier decision-making.

Depreciated

The decrease in the value of an asset over time, typically due to wear and tear or obsolescence.

Equipment

Tools, machinery, or other apparatus necessary for the manufacture of goods, provision of services, or office operations.