What is a 401(k) plan?

A 401(k) plan is a special type of profit sharing plan and is named after the subsection of the Internal Revenue Code that describes it. A traditional 401(k) plan allows you to direct some of your compensation into the plan and you do not have to pay income taxes on the portion of your salary you direct into the plan until the funds are withdrawn.

Please contact one of our 401(k) Experts at 800-472-0646 for more information.