What Is An Employer Sponsored Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   There are many employer sponsored qualified retirement plans under ERISA, the Employment Retirement Income Security Act of 1974. Perhaps the most popular defined contribution plan is a 401(k). The contributions are pre tax, accumulate tax deferred and are taxable as ordinary income at distributions. Some employers also offer contribution matches.

   Answered on July 21, 2013

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