Posts Tagged "Retirement Plans"


As you know, a 401(k) plan permits employees to elect to contribute (an “elective deferral”) a portion of their compensation to the employer’s retirement plan rather than receiving the compensation. Deferring compensation to the plan postpones state and federal income tax on the deferrals and also permits the deferrals to grow on a pre-tax basis in the plan. Like all qualified retirement plans, 401(k) plans cannot...

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