Which two of the following are examples of employee retireme

Which two of the following are examples of employee retirement plans - aPHR Prep

Question

Which two of the following are examples of employee retirement plans?

Answers

correct
401(k)
501(c)
correct
457(b)
504(s)

Explanation

Explanation

The Correct Answer is: A. 401(k) and C. 457(b)

A 401(k) is a common employer-sponsored retirement plan that allows employees to contribute pre-tax or Roth dollars toward retirement savings, often with employer matching. A 457(b) is a deferred compensation retirement plan typically offered to government and certain nonprofit employees, allowing tax-deferred contributions. Both are recognized retirement savings vehicles regulated under federal retirement and tax laws.

Why the other options are incorrect:

B. 501(c)
501(c) refers to a tax-exempt organizational classification under the Internal Revenue Code, not a retirement plan. It defines nonprofit status rather than employee benefit programs.
D. 504(s)
504(s) is not a recognized retirement plan under U.S. tax or benefits law. It does not correspond to any standard employee retirement savings arrangement.

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