Author Question: Which of the following is not a defined-contribution retirement plan offered by employers? (Read 63 times)

Alygatorr01285 · **on:** Apr 14, 2019

Question 1

Which of the following is
not true of retirement plans for the self-employed?

◦ A Keogh plan is usually used by high income individuals.
◦ Under a SEP, a maximum contribution of $53,000 is allowed for 2015.
◦ Self-employed individuals can choose from several plans including SEP plans and one-participant 401(k) plans.
◦ A one-participant 401(k) plan is similar to 401(k) plans for employees except that it allows larger contributions.

Question 2

Which of the following is not a defined-contribution retirement plan offered by employers?

◦ 401(k) plan, 403(b) plan
◦ SEP
◦ 403(b) plan
◦ Keogh plan

skipfourms123 · **Reply #1 on:** Apr 14, 2019

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