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FINRA Series 7

Category - Series 7

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In a 401(k) plan, when are employee’s contributions of compensation deferral vested?

after 2 years
immediately
after 5 years
the same as the employer’s contributions

Explanation

Answer: B - immediately. The employer’s contributions may be subject to a vesting schedule, but the employee’s contributions are immediately vested.

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FINRA Series 7

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