Which Statement Is NOT True

Multiple Choice

Which statement is NOT true?

A) Contributions to 401(k) programs are tax deferred.
B) Withdrawals from 401(k) programs made after the minimum age for withdrawals are tax-exempt.
C) Withdrawals from 401(k) programs made before the minimum age for withdrawals are (with few exceptions) subject to a 10% early withdrawal penalty.
D) 401(k) programs are offered by most private and public companies.