Which of the Following Statements Regarding Contributions to Defined Contribution

question 56

Multiple Choice

Which of the following statements regarding contributions to defined contribution plans is True?

• A) Employer contributions to a defined contribution plan are not limited by the tax law.
• B) Employee contributions to a defined contribution plan are not limited by the tax law.
• C) An employee who is at least 60 years of age as of the end of the year may contribute more to a defined contribution plan than an employee who has not reached age 60 by year-end.
• D) The tax laws limit the sum of the employer and employee contributions to a defined contribution plan.

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Definitions:

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