1. Read Ch.19 "Section 401(k) Plan" and answer the following questions via Microsoft Word, individual homework,...

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1. Read Ch.19 "Section 401(k) Plan" and answer the followingquestions via Microsoft Word, individual homework, bring a hardcopy of your homework to Class for classroom discussion:
1. What kind of organizations can adopt Section 401 (K)plans?
2. Is the Department of Labor's new fiduciary rule likely tohave a significant impact on how 401(K) plans are administred?
3. Can a one-person business (proprietorship or corporation)adopt an individual 401(K) plan for the owner?

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A 401k plan can be adopted by any self employed business that would include a sole proprietorship limited liability company partnership c corporation s corporation etc The business adopting this plan must not employ any full time employees that are eligible to participate in the plan other than the business partners their spouses A full time employee is one See Answer

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1. Read Ch.19 "Section 401(k) Plan" and answer the followingquestions via Microsoft Word, individual homework, bring a hardcopy of your homework to Class for classroom discussion:1. What kind of organizations can adopt Section 401 (K)plans?2. Is the Department of Labor's new fiduciary rule likely tohave a significant impact on how 401(K) plans are administred?3. Can a one-person business (proprietorship or corporation)adopt an individual 401(K) plan for the owner?