Which Retirement Plan Is Managed By An Individual’s Employer?

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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

   There are several qualified defined benefit and contribution retirement plans that are employer sponsored. The most popular is a 401(k) defined contribution plan under ERISA, Employee Retirement Income Security Act of 1974. The pretax contributions accumulate tax deferred and some employers match a portion of the employee's contribution, further enhancing the overall benefit.
    

   Answered on September 4, 2013

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