QUESTION IMAGE
Question
401(k) plans are -
offered by tax - exempt organizations
limited to certain governmental and nongovernmental organizations
available to all employees in the organization
nonqualified plans
401(k) plans are employer - sponsored retirement savings plans. They are available to all eligible employees in the organization. Tax - exempt organizations offer 403(b) plans. 401(k) plans are qualified plans. And they are not limited to certain governmental and nongovernmental organizations as they are mainly for private - sector employers.
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available to all employees in the organization