Both 401(k)plans and Roth 401(k)plans Are Forms of Defined Contribution

question 71

True/False

Both 401(k)plans and Roth 401(k)plans are forms of defined contribution plans.

---

Definitions:

Occupational Group

A category of people who share the same profession, trade, or job type.

Subculture

A distinctive set of ideas, values, and behavior patterns by which a group within a larger society operates, while still sharing common standards with that larger society.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Predictable Behavior

Actions or responses that are consistent and can be anticipated based on previous patterns or known characteristics.