Which of the following is not a characteristic of employer-sponsored retirement plans?

Question

Quizplus · Accepted Answer

Employer-sponsored retirement plans are designed to help employees save for retirement, often with tax advantages and sometimes with employer matching contributions. They are indeed a key part of a good benefits package. While there are various types of plans, borrowing from these plans is generally not advised due to potential tax implications and the risk of undermining retirement savings. Therefore, suggesting that they are a good source for borrowing does not align with their primary purpose or best financial practices.

Which of the Following Is Not a Characteristic of Employer-Sponsored