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

question 126

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 of the taxpayer 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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