Pass the Exam LLC sponsors a defined contribution plan in wh…
Pass the Exam LLC sponsors a defined contribution plan in which it contributes 25% of covered compensation for its employees that tutor CFP candidates. Jillian earns $300,000, Naomi earns $250,000 and Joe earns $100,000. How much can be contributed to the plan in total for 2024 in order to max out employee contribution amounts?
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Joe is a participant in a profit sharing plan that uses the least generous graduated vesting schedule. Joe quit yesterday after 4 years of service and has an account balance of $35,000. How much of his plan balance will be forfeited?
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