$14$

Multiple Choice

$1$ point

A savings incentive match plan for employees $($SIMPLE$)$ can be which of these?

It can be established as an IRA.

II$.$ It can be established as a Section $401($k$)$ plan.

III. It can be established as a Section $403($b$)$ plan.

IV$.$ It can be offered by employers who have $100$ or fewer employees.

I, II and IV

I, II$,$ and III

I and II

II and IV

$15$

Multiple Choice

$1$ point

All of the following retirement plans permit employees to make elective deferrals except

profit$-$sharing plans with Section $401($k$)$ provisions.

Section $401($k$)$ plans.

SIMPLE $401($k$)$s$.$

SEP plans.