# Which of the following statements comparing a SIMPLE IRA with a 401(k) plan is correct?             ...

###### Question:

Which of the following statements comparing a SIMPLE IRA with a 401(k) plan is correct?

(A)           The same amount of salary deferral is permitted for employees in both plans.

(B)           The participants are able to withdraw their money more easily from a 401(k) than from a SIMPLE IRA.

(C)           The employer may make matching and nonelective contributions with both plans.

(D)           If rank-and-file employees did not participate, a 401(k) plan would generally not work, but a SIMPLE IRA would still work.

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