Which of the following statements is true regarding 401K and 403B accounts?

The statement that employees can defer income and possibly receive a match is true regarding 401(k) and 403(b) accounts. These retirement savings plans allow employees to contribute a portion of their pre-tax income to the account, reducing their taxable income for the year. Additionally, many employers offer matching contributions up to a certain percentage, which can substantially enhance the employee's retirement savings over time. This feature incentivizes employees to participate in these plans, as it acts as free money towards their retirement.

The other statements present limitations or perceptions that are not accurate regarding these retirement plans. For instance, while loans may not be permitted for all situations, some plans do allow loans under specific circumstances. Contributions to these plans have annual limits set by the IRS, which are not unlimited for all employees. Additionally, while account holders can withdraw funds from their retirement accounts, doing so typically incurs penalties if taken before the age of 59½, unless certain conditions are met. Therefore, the correct statement highlights the essential benefits of income deferral and potential employer matching in strengthening retirement savings.