Enrolled Agent Exam [Part 2] 92, 401(k), 403(b), and Profit-Sharing Plans

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key difference between 401(k) plans for for-profit entities and 403(b) plans for non-profits and schools. - The 2026 employee elective deferral limit of $24,500 and the additional $8,000 catch-up for those age 50 and over. - How profit-sharing plans are funded by discretionary employer contributions, deductible up to 25% of total participant compensation. - The calculation of the maximum overall contribution to a defined contribution plan, which is $72,000 for 2026, plus catch-up amounts. - How to avoid the common exam trap of confusing the employee deferral limit with the total combined employee and employer contribution limit. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep