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1.
Your employer may match the contributions you make to a Roth 403(b) plan.
True. Your employer may; however, the matches will be pre-tax.
2.
There are exceptions to the 60-day rule for 403(b) plan rollovers.
True. If you can prove hardship to the IRS, you may be given longer than 60 days to complete a rollover in limited situations.
3.
Employees must work full-time in order to be eligible for 403(b) participation.
False. Part-time employees are eligible unless certain plan requirements forbid them.
4.
In order to take an early distribution from a 403(b) plan due to severance from employment, how old (at the minimum) must you be in the year it is taken?
55. You must be at least 55 in the year that you take it.
5.
How are contributions to 403(b) plans made?
Reductions in salary. Employees sign agreements to let their employers take certain amounts from their wages and put them into the plans.
