Question 3 (1 point) Which of the following statements regarding Section 401(k) plans is CORRECT? 1. Employer contributions and their accrued earings are always immediately 100% vested in the plan. H. A Section 401(k) plan is a qualified profit-sharing or stock bonus plan 11. The maximum prelax elective deferral for a participant age 35 is $19,500 in 2020. IV. Elective deferrals in a cash or deferred arrangement (CODA) are not subject to FICA and FUTA taxes III only I and IV Il and I O 1,0,2, and IV Question 4 (1 point) Which of the following plans may be eligible for a 10-year forward averaging for tax purposes if a qualifying tump-sum distribution is made? 1. Traditional profit-sharing plan II. Simplified employee pension (SEP) plan II. Individual retirement account (IRAY IV. Section 403/b) tax-deferred annuity O I only Oll and I and IV O ... and IV