answersLogoWhite

0


Best Answer

OK what is 40k - dfefine 401k

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Describe what a 401 k retirement plan is?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What exactly is a roth 401k, and what is it for?

A Roth 401(k) is a retirement fund, also known as retirement savings plan. This type of retirement plan is a combination of a standard 401(k) and an IRA retirement plan. Using a Roth 401(k), employees can decide to add funds to the plan in a number of different ways, allowing more flexibility. The traditional 401(k) plans tended to be more rigid.


How can i have a 401 k retirement plan?

A 401 (k) retirement plan is a defined, contributon-based pension account. It is designed to be used as a retirement fund. You can find one through your employer. It is best to contact your HR department to organise this.


The most common form of retirement is?

The most common form of retirement is the 401(K) plan.


Who authorized the Roth 401 k as a retirement investment plan?

The Roth 401(k) retirement plan was authorized by the United States Congress under the Internal Revenue Code. It's a combination of the Roth IRA and the traditional 401(k) plan. You can find more information about it here: http://en.wikipedia.org/wiki/Roth_401%28k%29.


Does Sam's Club have a retirement plan or 401 K?

Yes they do! They match up to 6%


401(k) Tax Benefits?

A 401(k) is a retirement savings plan that allows an employee to contribute a portion of his cash wages to the plan on a pre-tax basis. These deferred wages are not subject to tax withholding.Click here to fill out the 401(k) Tax Benefitsform


What is a good age to start saving for a 401 k retirement plan?

Many people start saving for a 401 k retirement plan at many different ages. However, economists say that is is wise to start saving 10% of one's income at the age of 30.


Describe what a 401 k is and how it works?

A 401k is a retirement plan set up at a place of employment. Each week, you put in so much money and your company generally matches it.


What does the k in 401 k stand for?

401k is a section of the US Tax Code which describes a particular retirement plan. Section 401a describes a different plan. The letter is a subsection of chapter 401 of the Tax Code.


For pharmacy benefits what is 401K?

I don't see how a 401 K - Retirement Plan applies to Rx benefits.


What are some simple retirement plans?

The second requirement is that the employer have no other qualified retirement plan. For example, an employer with a defined benefit pension plan cannot establish a SIMPLE plan. However, as we shall see an employer that currently sponsors a 401(k) plan and has no other plan can easily modify their 401(k) plan to meet the rules for SIMPLE plans.


What types of services does Paychex Retirement Services offer?

Paychex retirement services offer 401 K, investment options and retirement plan services. Paychex's services compliment and expands a retiree's current retirement plan.