Chapter 10 - Question 2 :

Can you give me an explain this question. Thanh you

Question 2

Which of the following statements regarding 457 plans is(are) true?

An individual who defers $18,500 to his 403(b) plan during 2018 can also defer $18,500 to a 457 plan during 2018 (salary and plan permitting).

A 457 plan allows an executive of a tax-exempt entity to defer compensation into an ERISA protected trust.

In the final three years before normal retirement age, a participant of a government sponsored 457 plan may be able to defer $37,000 (2018) for the plan year.

A. 1 only.

B. 2 only.

C. 1 and 3.

D. 2 and 3.