Author: SEC

A type of tax-deferred retirement savings program available to employees of public schools, certain non-profits, and some members of the clergy.

An employer-sponsored retirement savings plan that gives employees a choice of investment options, typically mutual funds. Employees who participate in a traditional 401(k) plan have a portion of their pre-tax salary invested directly in the option or options they choose. These contributions and any earnings from the 401(k) investments are not taxed until they are… Continue reading 401(K) PLAN