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

Question

Quizplus · Accepted Answer

While employer-sponsored retirement plans can be helpful in many ways (such as helping you save for retirement and being part of a good benefits package), they are not a good place from which to borrow. In fact, borrowing from your retirement account can have serious negative consequences for your long-term financial health. Therefore, option D is the correct answer as it is not a characteristic of employer-sponsored retirement plans.

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