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A 401k is a retirement savings plan offered by an employer to assist employees with their retirement savings options.
Since its inception in 1978, the 401(k) plan has become the most popular type of employer-sponsored retirement plan in America. Millions of workers depend on the money they invest in these...
Synonyms ; Strongest matches · bond fund · closed-end fund · investment fund ; Weak matches · 401k fund · hedge fund · individual retirement account · IRA · money market funds · money-market fund · no-load fund · open-end fund · stock fund
Definition of 401k: It is a retirement plan that lets employees defer taxes and save for retirement.
A 401(k) plan is an employer-sponsored retirement account. The two most common types are traditional 401(k) and Roth 401(k) plans, each having their own set of tax advantages. "From both a...
Find sources: "Registered retirement savings plan" – news · newspapers · books · scholar · JSTOR ( January 2016 ) (Learn how and when to remove this message ) A registered retirement...
There are several types of 401(k) plans available to employers - traditional 401(k) plans, safe harbor 401(k) plans and SIMPLE 401(k) plans. Different rules apply to each. For tax-favored status, a plan must be operated in accordance with the applicable rules. Therefore, it is important that the employer be familiar with the special rules that apply to its plan so the plan is administered in accordance with those rules. To qualify for the tax benefits available to qualified plans, a plan must both contain language that meets certain requirement ...
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A 401(k) is a tax-advantaged retirement savings plan. Named after a section of the U.S. Internal Revenue Code, the 401(k) is an employer-provided, defined-contribution plan. 1 The employer...