What Differentiates 401(k)and a 403(b)retirement Plans

question 51

Multiple Choice

What differentiates 401(k) and a 403(b) retirement plans?

• A)401(k)plans are limited to companies with more than 100 employees.
• B)403(b)plans are subject to all payroll taxes.
• C)401(k)plans may not be invested in stock-market funds.
• D)403(b)plans are offered by non-profit employers.

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Definitions:

Administration

The process of managing or overseeing the operations of a business, organization, or institution.

Dermis

The dermis is the thick layer of living tissue below the epidermis that forms the true skin, containing blood capillaries, nerve endings, sweat glands, hair follicles, and other structures.

Integumentary

Pertaining to the body's skin, hair, nails, and exocrine glands, which provide protection and sensation.

Integumentary

Pertaining to the body system that includes skin, hair, nails, and associated glands.