Which of the Following Is True Concerning IRA's,401(k)and 403(b)plans

question 31

Multiple Choice

Which of the following is true concerning IRA's,401(k) and 403(b) plans?

• A)There are no limits on the amount of funds people can hold in them.
• B)Some people are not eligible to hold them.
• C)There are never penalties for withdrawals.
• D)All of the above are correct.

---

Definitions:

Educational Backgrounds

The formal and informal learning experiences that contribute to a person's intellectual development and skill set.

Employee Network Group

A workplace initiative where employees with shared interests or characteristics gather to support each other and promote professional and personal development.

Interpersonal Relationships

The connections and interactions between individuals or groups.

Affirmative Action Programs

Initiatives aimed at increasing opportunities for historically disadvantaged groups by encouraging diverse recruitment and selection processes.