Retirement Savings Plans Under § 401(k)
(For Plan Years Beginning in 2009)
A retirement savings plan is an arrangement permitted by Section 401(k) of the Internal Revenue Code that allows employees to contribute part of their compensation on a “pre-tax” basis. Retirement savings plans or 401(k) plans are individual account plans like traditional profit sharing plans with a few additional requirements.
You May Also Be Interested In
- Labor and Employment Advisory, November 7, 2018
- Employee Benefits Advisory, November 1, 2018
- Labor and Employment Advisory, October 8, 2018