An Individual Is Considered an Active Participant in an Employer-Sponsored

question 29

True/False

An individual is considered an active participant in an employer-sponsored retirement plan merely because an individual's spouse is an active participant for any part of a plan year in applying the IRA phase-out provision.

---

Definitions:

Horizontal Hypermobility

The frequent geographical movement or relocation of individuals, typically for work reasons, across similar levels of socioeconomic status.

Lateral Job-Changes

Movements or transfers to different positions at the same level of hierarchy within an organization, often to gain broader experience.

The Precariat

A social class formed by people suffering from precarity, which is a condition of existence without predictability or security, affecting material or psychological welfare.