Evolution of the 401(k)
Guideline
SEPTEMBER 14, 2022
Pre-1978: First, there were CODAs Before the mighty 401(k) there were Cash or Deferred Arrangements, commonly known as CODAs. CODAs were a funding mechanism for stock bonus, pension, and profit-sharing plans. The law was signed by President Jimmy Carter and became effective at the turn of the decade. for his consulting company.
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