Which of the Following Is True Concerning IRA's,401(k)and 403(b)plans

question 31

Multiple Choice

Which of the following is true concerning IRA's,401(k) and 403(b) plans?

• A)There are no limits on the amount of funds people can hold in them.
• B)Some people are not eligible to hold them.
• C)There are never penalties for withdrawals.
• D)All of the above are correct.

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Definitions:

Employment-At-Will Doctrine

A legal principle that allows employers to terminate employees at any time without reason, just as employees can leave at any time without reason, absent a contractual or statutory exception.

Retaliatory Discharge

The act of an employer firing an employee as a form of punishment for engaging in legally protected activities.

Discharge Without Cause

is the termination of employment without a specified reason, often subject to legal and ethical considerations.

Ethical Decisions

Choices made based on moral principles and values, considering what is right and good for all stakeholders involved.