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	<title>New answer on: What Is A 401(K) Retirement Savings Plan?</title>

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		<title>By: Steve Savant</title>

		<link>https://insurancelibrary.com/retirement-plans/what-is-a-401k-retirement-savings-plan</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Wed, 14 Aug 2013 12:37:38 +0000</pubDate>

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		<description><![CDATA[A 401(k) plan is a qualified defined contribution retirement plan under ERISA, the Employee Retirement Income Security Act of 1974. The pretax contributions accumulate tax deferred and distributions are taxable as ordinary income at retirement. Some employers also match a portion of employee contribution and those over age 50 are allowed additional contributions under the catch up rule.]]></description>

		

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