Asked by Janet Miller on May 10, 2024
Verified
Which of the following is not an employer-sponsored retirement plan?
A) Roth IRA.
B) SIMPLE.
C) 401(k) .
D) Qualified pension plan.
Employer-Sponsored
A program or benefit provided by an employer to its employees, often including health insurance, retirement plans, and educational assistance.
Roth IRA
An individual retirement account allowing contributions to grow tax-free, with qualified distributions also being tax-free.
- Comprehend the rules and benefits associated with different types of retirement plans, including employer-sponsored plans and IRAs.
Verified Answer
BA
Beree AnayaMay 11, 2024
Final Answer :
A
Explanation :
A Roth IRA is not an employer-sponsored retirement plan. It is an individual retirement account that is opened by an individual and is not tied to any employer. The other options, including SIMPLE, 401(k), and qualified pension plans, are all employer-sponsored retirement plans.
Learning Objectives
- Comprehend the rules and benefits associated with different types of retirement plans, including employer-sponsored plans and IRAs.
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