25. Jennifer, age 54, earns $125,000 annually from ABC Inc., a small employer. ABC sponsorsa SIMPLE-IRA and matches all employee elective deferrals up to 3% of salary. Assuming Jennifer makes the maximum elective deferral contribution to her employer's SIMPLE-IRA, what is the total contribution to the account for 2018, including both employee and employer contributions? a) $12,500 b) $15,500 c) $19,250 d) $27,750 26. Does a salary-reduction-only 403(b) provide for asset protection from the participants creditors? a)Yes b) No 27. Which of the following statements, if any, with respect to a 403(b) plan is correct? 1) There are, typically, more investment choices with a 403(b) plan than with a 401(k) plan. 2) A 403(b) usually provides a 3 to 7 year graded vesting schedule like other defined contribution plans. 3) In certain situations, a 403(b) plan participant may defer an additional $15,000 as a catch- up contribution. 4) A 403(b) plan can be subject to ERISA provisions. a) (1) and (2) only b) (3) and (4) only O) 2) and (4) only d) None of the statements are correct. 28. Danielle has worked for the City of Buffalo for the last 20 years. She has deferred $18,500 into her 457(b) plan for 2018. She will attain her normal retirement age under the City's plan in 2019. Danielle has prior unused deferral amounts of $45,000 as of December 31, 2017. How much, if any, can Danielle contribute as her three-year catch-up contribution in 2018? b) $18,500 c) $24,500 d) $37,000