Question
Which of the following are correct regarding 403(b) plans? 1. Employee elective deferrals may be contributed to a Roth account within a 403(b) plan. 2.
Which of the following are correct regarding 403(b) plans?
1. Employee elective deferrals may be contributed to a Roth account within a 403(b) plan.
2. 403(b) plans must comply with the ADP and ACP tests.
3. An employee of the New Orleans Museum of Art (a not for profit) could defer more than $24,000 in to the Museum's 403(b) plan.
A. 1 only
B. 1 and 2
C. 1 and 3
D. 2 and 3
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
