The Employee Contributions Limits for 401(k)plans Are the Same as Those

question 173

True/False

The employee contributions limits for 401(k)plans are the same as those for 403(b)and 457 plans.

---

Definitions:

Co-Ownership

The condition or act of owning something together with one or more parties.

Capital Contributions

Investments made by owners or partners in a business, typically in the form of cash, property, or other assets, to provide funding for the business.

Management

The process of dealing with or controlling things or people within an organization.

Profit

The financial gain that is made when the revenue from business activities exceeds its costs.