What Is a SIMPLE 401(k) Plan? A SIMPLE 401(k) is a retirement savings account offered by small business employers with 100 or fewer employees.1 The SIMPLE 401(k) works just like a regular 401(k) plan, combining
HR ServicesBenefit Options401k Retirement Plans 401(k) Retirement Plans Help keep your valuable talent with a simple and flexible 401(k) plan. What is a 401(k) plan? A 401(k) is an employer-sponsored retirement savings plan. It allows employees to contribute on a tax-deferred or after-ta...
A solo 401(k) allows self-employed people to save more for retirement. Find out if this tax-advantaged retirement account is right for you.
A traditional 401(k) plan is sometimes referred to as a pre-tax 401(k) plan. You contribute to the plan with before-tax dollars. Because you don’t pay taxes on the money you put into the plan, you must pay taxes (both federal and most state income taxes) when you withdraw it. ...
What is a self-employed 401(k) plan? Are you self-employed? Here's what you need to know about solo 401(k)s and how to open one. A self-employed 401(k) plan — also called a one-participant 401(k), individual 401(k) or solo 401(k) — is a type of retirement account for...
A 401(k) is a retirement savings plan that lets you invest a portion of each paycheck before taxes are deducted depending on the type of contributions made. Because of 401(k) tax advantages, the federal government imposes some restrictions about when you can withdraw your 401(k) contributions...
What is a 401(k)? When it comes to saving for retirement, being prepared is key. If you’re working for a company that offers a 401(k) retirement plan, it can be a great option to help you save for your future. Maybe it’s your first time setting up a 401(k), or maybe you...
A safe harbor 401(k) plan is a simpler 401(k) that is exempt from many of the tax rules and compliance requirements of traditional 401(k) plans.
Who is eligible for a solo 401(k)? Solo 401(k) plans are intended for the self-employed. If you have employees and are looking for a retirement plan, then you have other options such as theSEP IRAorSIMPLE IRA, both of which allow you to provide tax-advantaged benefits to your employ...
A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution...