Which of the following statements is true regarding 401(k) accounts?a) employees are not allowed to match employee contributions. b) benefits are capped at $401,000c) workers can take a distribution f
Which of the following statements is true regarding 401(k) accounts?
a) employees are not allowed to match employee contributions.
b) benefits are capped at $401,000
c) workers can take a distribution from a 401(k) at any time with no penalty
d) workers can save for retirement and defer incline taxes on the savings
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