The Main Advantage of a Profit Sharing Keogh Plan Over

The main advantage of a profit sharing Keogh plan over a money sharing Keogh plan is that profit sharing plans

A) are eligible for PBGC insurance and money sharing plans are not.
B) have higher maximum contributions than money sharing plans.
C) can have contributions that vary from year to year with profits,while money sharing plan contributions are fixed.
D) profit sharing Keogh plans are eligible for PBGC insurance and money sharing plans are not,and they have higher maximum contributions than money sharing plans.
E) none of the options

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free