Chartered Retirement Planning Counselor (CRPC) Practice Exam 2026 - Free CRPC Practice Questions and Study Guide

The correct choice highlights that both a 457 plan and a tax-sheltered annuity (TSA) share similar rollover rules. This means that when participants decide to move their savings from one plan to another, such as from a 457 plan to an IRA or another eligible retirement plan, the regulations governing these rollovers are often comparable. This can include rules about tax implications, acceptable time frames for rollovers, and the types of investments allowed in the receiving account.

Understanding this similarity is crucial for participants as it affects their financial planning and decisions related to moving their retirement savings. Knowing that both plans generally adhere to similar rollover guidelines can help individuals make informed decisions about accessing their funds or consolidating their retirement accounts.

The other options are less accurate in describing the characteristics of these plans. For instance, contribution limits do exist for both plans, though they may differ in amount and types of contribution; accessibility of these plans is not exclusive to public school employees, as 457 plans can be offered to state and local government employees; and while both plans have features that may involve government regulations, not all TSAs are government-sponsored, as they can be available through non-profit organizations as well.