All the following statements concerning a Roth 401(k) plan are true EX

All the following statements concerning a Roth 401(k) plan are true EXCEPT

A) After-tax dollars are used to fund the plan.
B) Investment earnings accumulate on a tax-free basis.
C) Employees at all income levels may contribute to the plan, but annual contributions are limited.
D) Qualified distributions at retirement are fully taxable.

ANSWER

Answer: D