LESSON 9: RETIREMENT PLANS

Section 9.6 Review

403(b) plans are for nonprofit organizations.

	a)	True
	b)	False
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The ________ plan is one of the most popular funding vehicles for retirement in existence today and is a defined contribution plan.

	a)	401(k)
	b)	403(b)
	c)	Section 457
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401(k) plan contributions are limited to _________ in 2012.

	a)	$10,500
	b)	$12,000
	c)	$15,500
	d)	$17,000
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The 2012 allowed deferral amount in a Section 457 deferred compensation plan is 33 1/3% of the participant's applicable income or _________, whichever is less.

	a)	$10,500
	b)	$12,000
	c)	$15,500
	d)	$17,000
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