What Type Of Retirement Plan Is A 401K?

1. 

   0 POINTS

   

   Contact David Racich Contact David Racich by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   David RacichPRO

   Fountain Hills, Arizona

   A 401(k) is a defined contribution plan under The Employee Retirement Income Security Act of 1974 (ERISA). It permits participants to contribute tax deductible contributions to their future retirement. A 401(k) account accumulates tax deferred and is taxable at ordinary income tax rates upon distributions.
    

   Answered on July 16, 2013

   +0

   1 0

   +1 this answer

   flag this answer

   view more answers by David Racich
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.