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.

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and older, and for some younger individuals with disabilities.

Filing Equipment

Devices or storage solutions used for organizing and securing documents or files.

Shelves

Flat horizontal surfaces made of various materials, used for holding or displaying items in a organized manner.

Color-coding

The use of colors to identify, classify, or organize items or information in an intuitive and visual manner.