Which of the Following Statements Concerning Individual 401(k)s Is False

Multiple Choice

Which of the following statements concerning individual 401(k) s is false?

A) In general, individual 401(k) s have higher administrative costs than SEP IRAs.
B) Employees cannot participate in individual 401(k) s.
C) Individual 401(k) s are available only to self-employed taxpayers with 100 or fewer employees.
D) Individual 401(k) s have contribution limitations.