SIE Exam Question 896: Answer and Explanation

Question: 896

All but which of the following are permitted to establish a 403(b) plan for its employees?

• A. Federal government
• B. Private school
• C. Public school
• D. State government

Correct Answer: A

Explanation:

A 403(b) plan may be adopted by an employer that is a state, agency of a state, nonprofit organization, public university, or private university.