Rules of 401(k) Plans | Eligibility, Contributions, Options, Loans
https://www.financestrategists.com/retirement-planning/401k/rules-of-401k-plans/
Jan 29, 2024 · What Are the Rules of 401 (k) Plans? A 401 (k) plan is a retirement savings plan primarily sponsored by an employer. It allows employees to save and invest part of their paycheck before taxes are taken out. The IRS sets the rules for 401 (k) plans, determining contribution limits, distribution rules, and the eligibility criteria for tax benefits.
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