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Question
Which of the following statements about 401(k) plans are true?
I. They are defined benefit plans.
II. They allow employer and employee contributions.
III. Earnings accrue tax-free during the employee's working years.
IV. They allow employee discretion in asset allocation.
V. They always have minimum guaranteed rates of return.
A. I, IV, and V only
B. I, II, and V only
C. II and III only
D. II, III, and IV only
E. all are true
Answer
This answer is hidden. It contains 1 characters.
Related questions
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