Accounts & CustomersCâu 67 / 125
A 401(k) plan is a type of:
a.Employer-sponsored defined contribution retirement plan
b.Federal pension guaranteed by the government
c.Municipal savings bond program
d.Individual account with no employer involvement
Giải thích
A 401(k) is an employer-sponsored defined contribution plan in which employees defer part of their salary, often with employer matching, into investment accounts. The retirement benefit depends on contributions and investment performance, unlike a defined benefit plan that promises a set payout. ERISA governs these workplace plans.
Trích dẫn luật: Employee Retirement Income Security ActLuyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A traditional Individual Retirement Account (IRA) offers which primary tax feature?
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- A withdrawal from a traditional IRA before age 59 1/2 is generally subject to:
- Under Regulation Best Interest (Reg BI), when a broker-dealer makes a recommendation to a retail customer, it must:
- When determining whether a recommendation is suitable, a registered representative must consider the customer's:
- Before a customer may trade options, the firm must:
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