What is a 401(k) Plan?

A 401k plans is the most popular type of retirement plan used today. They can be a powerful tool in promoting financial security in retirement and are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers.A 401(k) is a type of retirement plan that allows private sector employees to save and invest for their own retirement. A 401k plan is generally funded with your before-tax salary contributions and, oftentimes, matching contributions…

Posted by Ardent Editor on Feb 21 2007 in 401k & Company Plans


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