Which type of plan was specifically designed for a self-employed person? Pension plan Keogh plan Defined...

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Which type of plan was specifically designed for a self-employed person? Pension plan Keogh plan Defined...

Which type of plan was specifically designed for a self-employed person? Pension plan Keogh plan Defined contribution plan Defined benefit plan

business accounting

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Answer 1

Answer #1

OPTION: Keogh plan

Keogh plan was specifically designed for a self-employed person.

furthermore, it can be operated as a defined-benefit plan as well as a defined-contribution plan

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Answer 2

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