Which of the following describes the primary difference between a 401(k) and a 403(b) retirement plan? A.

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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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Payroll Accounting 2017

ISBN: 978-1259572180

3rd edition

Authors: Jeanette Landin, Paulette Schirmer

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Question Posted: Nov 22, 2018 09:17 AM

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Which of the following describes the primary difference between a 401(k) and a 403(b) retirement plan? A.

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D The 403b ...View the full answer

Payroll Accounting 2017

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