Question: Which statement regarding Section 401(k) plans is CORRECT?A)Employer contributions and their accrued earnings are always immediately 100% vested in the plan.B)A Section 401(k) plan is

Which statement regarding Section 401(k) plans is CORRECT?A)Employer contributions and their accrued earnings are always immediately 100% vested in the plan.B)A Section 401(k) plan is a nonqualified profit-sharing or stock bonus plan.C)401(k) plans allow workers to contribute toward their retirement.D)Elective deferrals in a cash or deferred arrangement (CODA) are not subject to FICA and FUTA taxes.

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