According to the author, 401(K) plans are actually do it yourself variation of a profit-sharing/thrift plan.

Name: According to the author, 401(K) plans are actually do it yourself variation of a profit-sharing/thrift plan.
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Question

Quizplus · Accepted Answer

The author states in the sentence "By and large, 401(k) plans are a do-it-yourself variation of a profit-sharing/thrift plan" that 401(k) plans are a variation of a profit-sharing/thrift plan. Therefore, option A is true.

According to the Author, 401(K) Plans Are Actually Do It