Question: A 401k plan (or a 403b or 457 plan) is a. a defined contribution plan. b. a Thrift Savings Plan. c. a defined benefit plan.

A 401k plan (or a 403b or 457 plan) is

a.

a defined contribution plan.

b.

a Thrift Savings Plan.

c.

a defined benefit plan.

d.

a pension plan.

e.

a SIMPLE plan.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!