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Which of the following statement ( s ) regarding 4 0 3 ( b ) plans is true? 1 . Assets within a 4 0

Which of the following statement(s) regarding 403(b) plans is true?
1. Assets within a 403(b) plan may be invested in individual securities.
2. A 403(b) plan usually provides a 3- to 7- year graduated vesting schedule.
3. A 403(b) plan must pass the ACP test if it is an ERISA plan.
4. In certain situations, a participant of a 403(b) plan can defer an additional $15,000 as a catch up to the 403(b) plan.

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