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Questions and Answers
Which section of the Internal Revenue Code defines a tax-deferred retirement savings plan?
Which section of the Internal Revenue Code defines a tax-deferred retirement savings plan?
- 401(a) (correct)
- 401(k)
- 409A
- 403(b)
Which retirement plan allows for contributions by both the employer and employee?
Which retirement plan allows for contributions by both the employer and employee?
- 409A Retirement Plan
- 403(b) Retirement Plan
- 401(k) Retirement Plan
- 401(a) Retirement Plan (correct)
Which retirement plan may have employer matching contributions?
Which retirement plan may have employer matching contributions?
- 401(k) Retirement Plan (correct)
- 403(b) Retirement Plan
- 409A Retirement Plan
- 401(a) Retirement Plan
Which retirement plan is also known as a tax-sheltered annuity (TSA)?
Which retirement plan is also known as a tax-sheltered annuity (TSA)?
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Which retirement plan is available for public education organizations?
Which retirement plan is available for public education organizations?
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Study Notes
Retirement Savings Plans
- Section 403(b) of the Internal Revenue Code defines a tax-deferred retirement savings plan.
- A 403(b) plan allows for contributions by both the employer and employee.
- A 403(b) plan may have employer matching contributions.
- A 403(b) plan is also known as a tax-sheltered annuity (TSA).
- A 403(b) plan is available for public education organizations.
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