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
- Employee Benefits Advisory, May 14, 2020
- DOL Final Rule Changing Salary Threshold for Exempt White-Collar Employees to Take Effect January 1, 2020Labor and Employment Advisory, December 20, 2019
- Labor and Employment Advisory, December 19, 2019