What you need to know about a 401(k)
Guideline
MARCH 23, 2022
What is a 401(k) plan? A 401(k) plan is a qualified plan offered by an employer that allows employees to have a portion of their wages deferred directly from their paychecks into a retirement account. A 401(k) vs. a pension plan 401(k) plans and pension plans are both employer-sponsored retirement plans.
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