Determine the correct statement regarding 401k, Ask an Expert

Finance

Which of the following statements concerning 401(k) plans is (are) correct?

I. A 401(k) plan can allow for employee salary deferral contributions, employer-matching contributions, and employer profit-sharing contributions.

II. Employee salary deferral contributions can be distributed 2 years after they have been made.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9215397

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