Help
Course Catalog > Portfolios > 200
Portfolios 203: 403(b) Plans

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
There are exceptions to the 60-day rule for 403(b) plan rollovers.
Choose wisely. There is only one correct answer.
True. If you can prove hardship to the IRS, you may be given longer than 60 days to complete a rollover in limited situations.
2.
How are contributions to 403(b) plans made?
Choose wisely. There is only one correct answer.
Reductions in salary. Employees sign agreements to let their employers take certain amounts from their wages and put them into the plans.
3.
Employees who work for for-profit organizations are allowed to participate in 403(b) plans.
Choose wisely. There is only one correct answer.
False. The Internal Revenue Code limits participation to those who work in the non-profit sector.
4.
The alternative to a periodic 403(b) plan payout is a lump-sum distribution.
Choose wisely. There is only one correct answer.
True. You may take your proceeds little by little or all at once.
5.
Your employer may match the contributions you make to a Roth 403(b) plan.
Choose wisely. There is only one correct answer.
True. Your employer may; however, the matches will be pre-tax.