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While the law partners want to maximize the contributions they can make for themselves, they are aware that their employees may not be able to contribute as much. Therefore, it is important to realize and point out for consideration that their retirement plan may be at risk of failing mandated nondiscrimination tests. The partners in the law firm have also stated that they are not opposed to putting in mandatory contributions for their employees and have no objection to having a 100 percent immediately vested schedule.

With the information gathered in this case thus far, it is possible to begin drawing conclusions as to what might be the most suitable type of plan. Based on the data collected, it is possible to discern the partners' desired plan criteria and answer one of the central questions, "What type of plan do the owners want?" While some clients may already have an idea of what they want, others are going to look to the financial professional for information and direction. As the financial professional for this law firm, you are trying to determine what your clients should do and what is in their best interests and those of their employees.

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