Which of the Following Statements Concerning Individual 401(k)s Is False

question 30

Multiple Choice

Which of the following statements concerning individual 401(k) s is false?

• A) In general, individual 401(k)s have higher administrative costs than SEP IRAs.
• B) Employees cannot participate in individual 401(k)s.
• C) Individual 401(k)s are available only to self-employed taxpayers with 100 or fewer employees.
• D) Individual 401(k)s have contribution limitations.

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Definitions:

Practice Or Treatment

The application of a particular procedure or regimen to a subject or subjects in an experiment or study.

Chance

A measure of likelihood or probability that a particular event will occur.

Error

The difference between a measured or inferred value and the true value, often used in the context of statistical models and predictions.

Extremes

The highest and lowest values in a dataset, which can significantly affect the range and other statistical measures.