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All of the following are true about 401(k) Cash or Deferred Arrangements (CODA) EXCEPT: Limited to $19,500 for 2020 per year, or $26,000 for 2020
All of the following are true about 401(k) Cash or Deferred Arrangements (CODA) EXCEPT:
| Limited to $19,500 for 2020 per year, or $26,000 for 2020 for those age 50 and over
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| Most prevalent type of plan established today
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| Predominantly funded by employee deferral contributions
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| Require no testing when they are funded by the employee |
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