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27 November, 19:41

Who would be eligible for a 403b account?

A. A salesperson

B. A CEO of a Fortune 500 company

C. A government employee

D. Anyone

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Answers (1)
  1. 27 November, 22:52
    0
    The correct answer is C. A government employee

    Explanation:

    In finance, a 403b account or plan is a retirement plan used mainly by government employees or non-profit organization employees, for example, a teacher of a public school or a librarian. This account is different from regular accounts because government institutions do not have to pay taxes and have different regulations for employees than private businesses. Due to this, there are changes in the retirement plant, this includes that funds can be vested in a shorter time and this plan has fewer costs. According to this, the person who would be eligible for a 403b account is a government employee because as mentioned before this account is only for government or non-profit organizations employees.
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