Which of the Following Is True with Regard to 401(k)

question 53

Multiple Choice

Which of the following is true with regard to 401(k) plans?

• A) If an employee leaves the job, his/her 401(k) plan expires.
• B) These plans give all employees a minimum level of benefits and a set amount to spend on flexible benefits, such as additional healthcare or vacation time.
• C) A 401(k) plan is a plan set up by the organization in which employees directly deposit money from their paycheck.
• D) Employee Retirement Income Security Act (ERISA) makes it mandatory for employers to offer a pension or 401(k) plan.
• E) These plans are freely available and do not create an additional administrative cost for the company.

---

Definitions:

Astrocyte

Star-shaped glial cell that provides structural support to CNS neurons and transports substances between neurons and blood vessels.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another, influencing various functions and processes in the body.

Synapse

The junction between two neurons where information is transmitted from one neuron to another via chemical or electrical means.

Storage Granules

Intracellular compartments or vesicles in cells that store and release various substances, including hormones, neurotransmitters, and nutrients.