A retirement plan for employees in public education and some nonprofit organizations is a
A) 401(k)plan
B) 403(b)plan
C) 503(c)plan
D) 529 plan

Question

Quizplus · Accepted Answer

The correct answer is B) 403(b) plan. This type of retirement plan is specifically designed for employees of public education institutions, some nonprofit organizations, and certain ministers. It allows employees to save for retirement on a tax-deferred basis.

A Retirement Plan for Employees in Public Education and Some