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	<title>New answer on: Why Set Up A 401K Plan?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/retirement-plans/why-set-up-a-401k-plan</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 25 Aug 2014 19:16:24 +0000</pubDate>

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		<description><![CDATA[A 401(k) plan is established by an employer for the benefit of employees.&#160; The employer might do this to retain trained workers and to demonstrate appreciation.&#160; Employees are invited to participate in the company’s 401(k.)&#160; Normally, a sum of money is collected each pay period for the 401(k.) The amount collected reduces the taxable income of the employee.&#160; Some employer’s match contributions, generally to a specified limit. The employee and the employer contributions are held in a separate account.]]></description>

		

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