401k Trivia

Quiz Trivia #2 for Rolling your 401(k) – Trustee to Trustee Direct Rollover, Modified Adjusted Gross Income (MAGI) Income Limits for Deductible Contributions to a Traditional IRA
(October 16th, 2009)

This trivia will quiz you on the concepts explained in the article Rolling your 401(k) – Trustee to Trustee Direct Rollover, Modified Adjusted Gross Income (MAGI) Income Limits for Deductible Contributions to a Traditional IRA section. If there is any question you do not understand, it is advised to refer to that page for explanation. After selecting your answers, choose the "Grade Me!" button at the bottom to know your result & the right answers.

Quiz Trivia #1 for Understanding the Rules for Participating in a 401(k) Plan, Beneficiary Appointment, 401(k) Plans for High Paid Employees
(October 10th, 2009)
This trivia will quiz you on the concepts explained in the article Understanding the Rules for Participating in a 401(k) Plan, Beneficiary Appointment, 401(k) Plans for High Paid Employees section. If there is any question you do not understand, it is advised to refer to that page for explanation. After selecting your answers, choose the "Grade Me!" button at the bottom to know your result & the right answers.

1 ) By law, corporations are not required to offer 401(k) plans to their employees, but they do it as a sign of good gesture and also because:

a To obtain and retain skilled & talented employees
b) To encourage employees to save towards their own retirement and not rely on the company’s pension plan
c) To increase awareness of financial responsibility among their employees
d ) All of the above... (View Full Quiz)