Does The Irs Consider A 401k A Retirement Plan?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   The IRS is looks to regulatory legislation like ERISA, the Employee Retirement Income Security Act of 1974 for guidance on qualified defined benefit and contributions plans. A 401(k) is a employer spoored qualified defined contribution plan under ERISA, so the IRS recognizes the tax destructibility and tax deferral of 401(k) contributions.

   Answered on July 26, 2013

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