Is 401k a type of retirement plan

chricorian · ‎June 5, 2019

MichaelL1 · ‎June 5, 2019

Yes, a 401K is a qualified retirement plan.

.A 401(k) plan is a qualified retirement plan that meets the standards set forth in the Internal Revenue Code (IRC) for tax-favored status. An employee can contribute part of his wages either pre-tax or post tax depending on the options offered in the plan.

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MichaelL1 · ‎June 5, 2019

Yes, a 401K is a qualified retirement plan.

.A 401(k) plan is a qualified retirement plan that meets the standards set forth in the Internal Revenue Code (IRC) for tax-favored status. An employee can contribute part of his wages either pre-tax or post tax depending on the options offered in the plan.