Business, 30.10.2021 14:00 smithsa10630

Garces Product Wholesalers, Inc., a regular C corporation, is considering the adoption of a qualified retirement plan. The company has recently had fluctuating cash flows, and such fluctuations are expected to continue. The average age of nonowner employees at Garces Products is 24, and the average number of years of service is three, with the high being four and the low being one. Approximately 25% of the 12-person labor force turns over each year. The salaries of the two owners account for approximately two-thirds of covered compensation. Which is the most appropriate plan for Garces Product Wholesalers

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