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Which of the following statements regarding Section 403(b) plans is true? A. Section 403(b) plans are plans that are designed for use solely by government

Which of the following statements regarding Section 403(b) plans is true?

A. Section 403(b) plans are plans that are designed for use solely by government entities.

B. Contributions can be made by employees and the employer.

C. The maximum elective deferral amount for participants of 403(b) plans is greater than that of all other types of employer-sponsored plans.

D. All of the above are true.

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