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Hank's employer sponsors a 45700 plan. Hank, 41, cara S400.000 per year and deters $25.000 to the 457 ton each year. Although there is no

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Hank's employer sponsors a 45700 plan. Hank, 41, cara S400.000 per year and deters $25.000 to the 457 ton each year. Although there is no limit on deferrals to an ineligible plan, only $19.500 of the deferral is protected by trust the coming $5.500 (525.000 $19,500) is the only amount subject to the employer's creditors. True False

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