------ Which of the following is not a true statement about a 403(b)?

A 403(b) can only be established by a non-profit organization, like a hospital or a school.

A 403(b) only involves the employer making contributions.

A 403(b) could be enabled for plan loans.

A 403(b) is not available to independent contractors who work for the non-profit organization.

----- Which of the following statements correctly describes a SEP plan?

The plan can exclude employees who are aged 25 or younger.

The allocation formula cannot be integrated with Social Security.

The plan must provide for immediate and full vesting.

The plan can exclude employees who work fewer than 1,000 hours a year.