The Maximum Annual Elective Contribution for a Participant Who Is

question 51

True/False

The maximum annual elective contribution for a participant who is age 40 in a § 401(k)plan is $16,500 for 2010.

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Definitions:

Cognitive Biases

Systematic patterns of deviation from norm or rationality in judgment, wherein inferences about other people and situations may be drawn in an illogical fashion.

Stress-Inoculation Therapy

A form of cognitive-behavior therapy that focuses on developing skills that allow the individual to cope with stress.

Exposure Therapy

A psychological treatment that helps individuals confront their fears by gradual and repeated exposure to the feared object or situation.

PTSD

Post-Traumatic Stress Disorder is a psychological condition caused by exposure to or being a witness to a distressing event, marked by recurrent flashbacks, nightmares, and intense anxiety.