Series 6 - Investment Company And Variable Contracts Products Representative Exam

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A section 457 plan is a:

Qualified plan
A
Nonqualified plan
B
Defined benefit plan
C
Tax-sheltered annuity
D

Explanations

457 plans are nonqualified deferred compensation plans set up by state and local governments and tax-exempt employers for their employees and independent contractors who work for those entities.

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