Which of the following statements about 401(k) plans are tru…

Questions

Which оf the fоllоwing stаtements аbout 401(k) plаns are true?I. They are defined benefit plans.II. They allow employer and employee contributions.III. Earnings accrue tax-free during the employee's working years.IV. They allow employee discretion in asset allocation.V. They always have minimum guaranteed rates of return.

The smаllest living unit is а _____.