29. Which one of the following entities cannot establish a 457 plan of any kind? a) A church b) A Catholic school c) A not-for-profit hospital d) A govermmental entity 30. Grant, age 32, is terminating employment from a State agency. He is currently participating in a Section 457(b) plan. If he takes a distribution from the plan at the time of terminating employment, is he subject to the 10% early withdrawal penalty? a) Yes b) No 31. Roger has deferred salary under a 4010) plan in the amount of $42,000. His employer's matching contributions are S20.000, in whichhe is 60% vested. How much can Roger borrow from the plan, if any, to buy a new sports car? a) -0- b) $10,000 c) $27,000 d) $42,000 32. Ken is a participant in a 401(k) plan in which he has made the mistake of investing most of this account (9096) in employer stock. The remaining amount (10%) is in cash. If he takes a lump-sum distribution from the 4010k) plan, which one of the following statements correctly describes the result? a) If the employer stock is rolled into an IRA, Ken can take distributions in later years and b) If the employer stock is not rolled into an IRA, Ken owes no tax on the appreciation on c) If the employer stock is not rolled into an IRA, Ken must hold the stock for at least one d) If Ken wants to roll over the employer stock to an IRA, he must also roll over the cash to pay tax at the capital gains rates on the appreciation. the stock until he sells it. year in order to receive long-term capital gains treatment. the IRA