Which of the following describes the primary difference between a 401(k) and a 403(b) retirement plan? A.
Question:
Which of the following describes the primary difference between a 401(k) and a 403(b) retirement plan?
A. The 401(k) is a defined benefit only plan.
B. The 403(b) is a defined contribution only plan.
C. The 401(k) is restricted to investments in stock only.
D. The 403(b) is restricted to use by non-profit companies
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Related Book For
Payroll Accounting 2017
ISBN: 978-1259572180
3rd edition
Authors: Jeanette Landin, Paulette Schirmer
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